The governmental delegation headed by Minister of Economy Shahin Mustafayev will visit Iran on a working visit on February 22-24.
According to the press service of the Ministry, the delegation, which also will include representatives of business, plans to visit the cities of Ardabil and Urmia. There will be held a business forum with the participation of the local business community. These cities are inhabited mainly by ethnic Azeris.
In 2016 the trade turnover between Azerbaijan and Iran exceeded 210 million. The deficit of the Azerbaijani trade with Iran amounted to $ 111.4 million, according to the State Customs Committee. At the same time, imports rose by 78.1%, while the export of Azerbaijani goods to Iran rose by 45%. --08D
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review