Iran, Azerbaijan to sign agreement on preferential trade soon - TPOI
Date
4/18/2022 3:08:42 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, April 18. Iran and Azerbaijan
will soon sign an agreement on preferential trade, Deputy Minister
of Industry, Mine and Trade and Head of Trade Promotion
Organization of Iran (TPOI), Alireza Peymanpak said at a press
conference answering a question from Trend correspondent.
Peymanpak noted that the two sides are currently conducting
discussions on the agreement.
The deputy minister added that earlier, representatives of the
two countries have conducted discussions on preferential trade, and
the two sides have reached an agreement on a list of products to be
traded under this agreement.
Under the preferential trade agreement between Iran and
Azerbaijan, 52 types of products will be imported and exported
between Iran and Azerbaijan.
According to the statistics of the Islamic Republic of Iran
Customs Administration (IRICA), Iran's trade turnover with
Azerbaijan for the last Iranian year (March 21, 2021, through March
20, 2022) amounted to about 852,000 tons worth about $608
million.
The trade turnover between the two countries increased by 93
percent in value compared to the preceding Iranian year (March 20,
2020, through March 20, 2021).
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