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Iran, Azerbaijan sign cooperation agreements on trade, transportation, energy, agriculture

Wednesday, Mar 14, 2018

At the closing ceremony of the 12th Joint Economic Commission of Iran and Azerbaijan, a cooperation agreement was signed between the economy ministers of the two countries in the fields of banking, transport, trade, science, technology, culture, energy and agriculture.

(SHADA: TEHRAN) -- The two countries also reached an agreement to cooperate in the fields of oil, gas, rail and air transport as well as ports. Reaching an agreement on the details of joint venture contract signed between Iran and Azerbaijan Republic with regard to the construction of Rasht-Astara Railway is of the significant achievements of 12th Joint Economic Commission.

The two sides also agreed to accelerate their cooperation in the fields of banking, customs, energy, environment, renewable energies, electricity and also exchange of labor force.

In addition to signing the cooperation agreement in the 12th Joint Economic Commission, it is expected that a number of eight cooperation agreements would be singed between the two countries in the presence of presidents of Iran and Azerbaijan Republic.


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