Iran Trade Center opened in Baku

A host of high-ranking Iranian and Azerbaijani officials opened Iran Trade Center, devised to boost commercial ties between the two countries, in the capital city of Baku.

Iranian Minister of Industry, Mine and Trade Reza Rahmani, Azerbaijani Deputy Minister of Economy Rufat Mammadov, Iran- Azerbaijan Joint Chamber of Commerce President Hossein Pirmoazen and Iranian ambassador to Azerbaijan Javad Jahangirzadeh attended the opening ceremony.

The trade center with the aim of providing advisory, legal and commercial services to Iranian and Azerbaijani businessmen has been established by Iran- Azerbaijan Joint Chamber of Commerce, Hossein Pirmoazen said.

He added that the commercial arbitration is one of the problems that prevent boosting trade ties between businessmen from the two countries, which is expected to be settled by the establishment of a center of arbitration at the trade center.

Hossein Pirmoazen who is also member of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) board of directors invited businessmen from Iran’s private sector to join the trade center saying, “The Republic of Azerbaijan is the gateway for reaching the Central Asian countries’ markets.”

Iran- Azerbaijan Joint Chamber of Commerce president further said that negotiations between high-ranking Iranian and Azerbaijani officials regarding improving customs regulations and facilitating trade are underway and the two countries are further improving cooperation under new joint projects

Earlier in mid-March, Tehran and Baku agreed to expand bilateral ties and mutual cooperation in different fields of agriculture. Iranian Economy Minister Farhad Dejpasand and his Azerbaijani counterpart Inam Karimov discussed mutual cooperation in different fields of agriculture, including extra-territorial cultivation, livestock quarantine and food security, during a meeting of the 13th Summit of Iran-Azerbaijan Joint Economic Cooperation on March 14.

source: Iran Chamber of Commerce

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