Addressing a conference on economy in Baku May 17, Mohsen Pak Ayeen mentioned that official Tehran and Baku are determined to establish stronger ties.
The ambassador elaborated on the implementation of the Joint Comprehensive Plan of Action (JCPOA) and said the removal of sanctions against the Islamic Republic has created a proper chance to cement economic ties with Iran.
According to the State Customs Committee of the Republic of Azerbaijan the country`s export to Iran almost doubled to $14.4 million in 1Q16 year-to-year, while imports increased from $19.4 million in 1Q15 to $27 million in 1Q16.
The JCPOA was implemented on January 16 followed by a nuclear deal last year curbing Iran`s nuclear program in return for the removal of international sanctions.
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