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The Splendour of Iran
Payvand's Iran News ...

10/31/02
Iran, Azerbaijan ink agreement on economic cooperation

Baku, Oct 30, IRNA -- Iran and Azerbaijan inked an agreement to boost economic cooperation at the end of the fifth session of the Iran-Azerbaijan joint economic commission on october 29-30 in Baku.

Under the agreement which was inked by Iran's Minister of Cooperatives Ali Sufi and Azeri Minister of Development Farhad Aliyev, the two sides pledged to work together on the exploitation of the energy deposits, transportation, car manufacturing, electricity and road building.

Iran is to export some 300-350 cubic meters of natural gas to Nakhichevan annually.

Commenting on the Iran-Azerbaijan ties, Sufi was pleased over the pace of progress over the relations between Iran and Azerbaijan and said the two countries' shared historic, geographical, political, and economic interests and are expected to provide better opportunities for cooperation and unity between the two neighbors.

The sixth session of the Iran-Azerbaijan joint economic Commission is to be held next year in Tehran.

Ahead of his Azerbaijan visit, Sufi told reporters that 18 main topics including transportation, energy, agriculture, mines and industries would be discussed with Azeri officials.

Ali Sufi said a mutual agreement between Tehran and Baku to extend the Azeri railway into Iran at Astara border cross point would pave the way for further transportation cooperation between the two countries.

He put emphasis on agreements inked to strengthen one of the key corridors of the North-South transit route.

Tehran and Baku governments' should get involved in more joint projects at various levels and in different fields, as well as continuing active dialogues aimed at solving the previous minute misunderstandings, he noted.

He expressed hope that the two countries' relations would be drastically boosted as a result of the discussions at the 5th joint commission of Tehran-Baku Ties.

On the other hand, Azeri Minister of Economic Development Farhad Aliyev stressed pledges to strengthen Tehran-Baku cooperation following Azeri President Heydar Aliyev's visit to Iran last May.



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