Baku hosts Azerbaijani-Iranian business-forum

According to Day.Az, the session participants stressed the high level of cooperation between the sides and mentioned high potential for it.

"Our task is to raise Azerbaijani-Iranian relations to a new level", representative of Azerbaijan's Economic Development Ministry Huseyn Pashayev told a session.

He said investments into Azerbaijan neared $6,800,000,000, including 40% of foreign investments last year.

"At the same time, Iranian investments made up 1.3% which is 3 times higher as compared to 2006", Pashayev noted.

The official also said that the trade turnover between Iran and Azerbaijan made up $540,000,000 in 2007 which is40% higher as compared to the same period of 2006.

"This proves a good potential for cooperation", Pashayev noted.

/Day.Az/