MP: Azerbaijan-Iran Trade to Reach $5bn

Date: 02 May 2025 - 22:40

News ID: ۱۳۹۰۹۶

TEHRAN - The head of the Iran-Azerbaijan Interparliamentary Friendship Group Sodeif Badri has stated that bilateral trade between Iran and Azerbaijan is projected to rise to $5 billion following agreements reached during President Masoud Pezeshkian’s trip to Baku.
Talking to IRNA, Badri, mentioned that the current trade volume between the two nations remains under $1 billion. However, during President Pezeshkian’s visit, both sides committed to boosting trade to at least $1 billion by the year’s end.
Badri characterized the visit as highly productive, underscoring its favorable effects on economic and trade relations.
He noted that the discussions centered on implementing existing bilateral agreements, further solidifying commercial ties between the two countries.
“The visit was well-received in both countries and across the region,” Badri said, adding that its full benefits will be realized once the seven cooperation documents signed during the trip are put into action.”
He also pointed to a joint statement signed by President Pezeshkian and Azerbaijani President Ilham Aliyev, which outlined a mutual commitment to eliminating obstacles to stronger economic cooperation.
President Pezeshkian has previously said his visit to Baku last Monday, would pave the way for enhanced cooperation in scientific, economic, cultural and security fields.
During his visit, President Pezeshkian held discussions with Aliyev, attended a conference focused on Iran-Azerbaijan economic collaboration, and met with Iranian expatriates residing in the neighboring country.