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Moody's: â€œAzerbaijan could benefit from a lifting of sanctions on Iranâ€

28 September 2015 21:37 (UTC +04:00)

Baku. Yegana Lachinzade-APA. According to the report these new trade and investment opportunities could partially offset the credit negative effects: “The nuclear deal, which -- if implemented -- will enable Iran to return to oil export markets, potentially leading to lower oil prices and pressures on Azerbaijan's government and export revenues.Thanks to its close geographic location and strong trade ties in the pre-sanctions period, Azerbaijan could benefit from a lifting of sanctions on Iran by increasing foreign trade and investment with its neighbor. Inhabiting around 78 million people and generating the 18th largest nominal GDP in the world in 2014, Iran is the third largest economy in the Middle East, GCC and CIS regions, after Russia and Saudi Arabia , offering significant trade and investment opportunities to the smaller Azeri economy,” says Moody's Investors Service.