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20 April 2019 - 09:22
Iran, Azerbaijan to boost industrial ties

Azeri Economy Minister Shahin Mustafayev said on Saturday Iran and Azerbaijan are to increase cooperation in industrial field.

Speaking in the ground-breaking ceremony of Iran-Azerbaijan joint bus manufacturing factory in Hajigabul Town, southern Baku, Mustafayev said like the other fields, both countries will develop industrial relations.

He said that Iran and Azerbajna republic held the ground-breaking ceremony and already signed MoU to launch joint venture unit to manufacture trailer trucks aimed to promote cooperation in industrial field.

Elsewhere in his remarks, the Azeri minister said that the agreement signed between two countries during Iranian Minister of Industries, Mining and Trade Reza Rahmani's trip to Baku and that an industrial working group was formed.

The working groups will be co-chaired by Iranian and Azeri deputy ministers to address issues for developing cooperation in industrial field and implementing joint venture plans, Mustafayev noted. 

He went on to say that Iran-Azerbaijan joint car manufacturing factory is active in Neftchala District, adding that joint pharmaceutical plan is also on the agenda.

Referring to new plans in petrochemical field, he said Iranian entrepreneurs have been invited to participate in Sumqayit industrial chemical town.

He reiterated that Iran and Azerbaijan are to discuss establishing industrial zone in border areas.

Rahmani arrived in Baku on Thursday on a two-day official visit to explore avenues for enhancing the two countries’ cooperation and implementing economic projects.

Rahmani earlier on Thursday conferred with Azeri President Ilham Aliyev on issues of mutual interests along with regional developments.

News Code 190181

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