Trade turnover between Azerbaijan and Iran expected to reach $ 1 bln

Trade turnover between Azerbaijan and Iran expected to reach $ 1 bln
# 19 December 2013 14:47 (UTC +04:00)

Baku. Aynur Aliyeva - APA-Economics. 600 Iranian companies have been registered in Azerbaijan, but nearly 300 of them are currently operating, Iranian Ambassador to Azerbaijan Mohsen Pay Ayeen told journalists, APA-Economics reports.

He noted that if the trade links between the two countries are expanded, these companies can reoperate.

Speaking about the bilateral trade links, the Iranian ambassador noted that Iran-Azerbaijan trade turnover made $532 mln in 2012. He forecasted that this figure will reach $1 bln in 2014.

The ambassador said investments of Iranian companies in Azerbaijan’s non-oil sector made €105 mln.

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