The sides stressed that there is a huge potential in expanding ties in the field of transport, energy, industry, health care, agriculture, ICT, tourism and other spheres. One of the important fields of interaction between Azerbaijan and Iran are transport and transit, in particular, the development of the North-South international transport corridor.

It was noted that the expansion of cooperation in the transport sector will help strengthen the transport-transit and trade-economic potential of Azerbaijan and Iran along with an increase in the volume of cargo transportation.

During the meetings, the sides stressed the launch of a pilot e-TIR project, which envisages full carrying out of transit operations in e-form between the two countries to improve the operation of border checkpoints.

Azerbaijan and Iran are also working on joint projects in the field of engineering, pharmaceuticals and the food industry.

The Azerbaijani delegation held the meetings with Head of the Iranian presidential administration Mahmoud Vaezi, Minister of Economic Affairs and Finance of the Islamic Republic of Iran, Co-chair of Azerbaijan-Iran intergovernmental joint commission Farhad Dejpasand, Minister of Roads and Urban Development Mohammad Eslami and other heads of the Iranian ministries and agencies.

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During the visit, the Iran-Iraq Joint Trade Committee held a meeting for the first time in Baghdad aiming to boost Iranian traders’ participation in the Iraqi market.

The committee discussed important issues including banking cooperation, standardization of commodities, customs regulations, investment opportunities as well as technical and engineering services beside transportation, Behzad said.

In the meantime, an agreement was signed between the two countries based on which preparations should be made for establishing a joint industrial town, and methods should be developed for verifying the standards and quality of Iranian products.

Besides, the agreement aims to facilitate visa issuance for Iranian businessmen, increase Iranian exhibitions in Iraq, and remove barriers for the Iranian exports to Iraq.

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Heads of state from Azerbaijan, Kazakhstan, Iran and Russia, 50 high-ranking representatives from 29 international organization as well as top managers of private companies will attend the forum.

On the sidelines of the Caspian Economic Forum, two exhibitions will be held including a large-scale international exhibition of innovative technologies and automotive exhibition “Turkmen sahrasy 2019”.

The CEF working program includes a meeting of ministers of economy and transport of the littoral states, a meeting of business communities, and bilateral talks, among others.

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As per the agreement, an industrial workgroup between Iran and the Czech Republic will be established in IDRO headquarters and Czech Industry Ministry to expand industrial cooperation between the private and public sectors of both countries.

The agreement stipulates the two sides to provide the grounds for cooperation in different industrial sectors, including the like auto industry, rail transport, new technologies and energy industries.

Setting up joint-venture companies to expand industrial investments and renovation as well as ship-manufacturing is also stressed in the MoU.

During the meeting, the IDRO chief called for providing the necessary grounds for Iranian and Czech small and medium-sized enterprises to engage in the economic interactions between the two countries.

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