ACE management board member Nazim Mammadov opened the meeting, saying the visit of Iran's 45-member delegation to Azerbaijan adds great dimensions to the economies of the both countries.

He said the principal aim of the visit is to get familiar with Azerbaijan's economic climate, meet local businessmen, and examine investment potential in Azerbaijan, APA reports.

"The meeting is targeted to deepen mutual economic relations, create joint ventures and increase Iranian investment in our economy," he underscored.