(MENAFN - Trend News Agency) Baku, Azerbaijan, March 14
By Kheyraddin Nasirzade - Trend:
Azerbaijan and Iran will sign an agreement on joint production of Scania buses in Azerbaijan's Hajigabul district, Azerbaijani Economy Minister Shahin Mustafayev said at an Azerbaijani-Iranian business forum held in Baku, Trend reports.
The minister mentioned that the country already has a joint automobile factory, Khazar, which has produced over 1,000 vehicles since the start of operations. Most of the cars produced have already been sold, the minister added.
Speaking about trade relations between the two countries, the minister noted that the trade turnover of Azerbaijan and Iran grew by 74 percent in 2018.
Mustafayev also commented upon the cooperation of the two countries in the field of transport. In particular, the minister noted that the international transport corridor "North-South" is of high importance for both countries. Last year, the freight traffic on this route increased by over 10 times, he said.
"It shows that relations between the two countries are at a high level. Our relations in the areas of transport, industry, agriculture, tourism, transit traffic are extensive and of regional importance," Mustafayev said.
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