Azerbaijan-Iran business forum due in Baku

By Nigar Abbasova

Azerbaijani and Iranian businessmen will come together in Baku for a forum to be organized by Azerbaijan Export and Investment Promotion Foundation (AZPROMO) on December 27.

The event will bring together Iranian entrepreneurs, engaged in the spheres of agriculture, food industry, light industry, pharmaceuticals, transport, logistics, tourism, ICT, construction, production of building materials, and auto spare parts.

Business forum and business meetings bear huge importance for the enhancement of the relations between the entrepreneurs of the two countries and provision of the information about investment environment, business climate and ongoing large-scale projects.

Iranian companies have so far invested some $2.6 billion, while some $145 million fell to a share of non-oil sector. Some 450 companies with Iranian capital are operating in Azerbaijan.      

The trade turnover between Azerbaijan and Iran amounted to $175 million in January-November 2016, with some $130.13 million accounting for import from Iran.