Iran, Azerbaijan to expand cooperation

Baku, November 19, AzerTAc Iran and Azerbaijan will expand their cooperation in numerous fields, including in mining, steel and automotive industries, stimulated by the high level political relations between the two countries, Azerbaijani Economy and Industry Minister Shahin Mustafayev said in the meeting with Iran’s Deputy Minister of Mines, Industry and Trade Jafar Sargheini. And there is greater potential to expand these ties even more, Mustafayev underlined. During the meetings, it was agreed to study the prospects of cooperation between Iran and Azerbaijan and discuss the issue during the Iranian Industry, Mines and Trade Minister Mohammad-Reza Nematzade’s recent visit to Baku. Sargheini said there is great potential for cooperation between the two countries in the field of emergency situations and provision of security of mines. The deputy minister noted that Iran and Azerbaijan are interested in expanding cooperation in industry and mining. “During Mohammad-Reza Nematzadeh’s visit to Azerbaijan it is expected to sign a memorandum of understanding for development of cooperation between the two countries,” Sargheini said. He also invited the Azerbaijani investors to make investments in mining in Iran, noting that the Islamic Republic has no restrictions in this area for foreign investors. Ambassador of Iran to Azerbaijan Mohsun Pakayin took part at the meeting.