(MENAFN - AzerNews) ByTrend
Azerbaijan and Iran intend to
develop ties in the insurance sector and are also planning to create a
joint investment fund, said the Iranian Minister of Economic Affairs and
Finance Farhad Dejpasand, Trend reports referring to Iranian media.
to him, expanding ties between the two countries in the insurance
sector will help citizens and companies create their own businesses. In
turn, the countries will guarantee the integrity of their real estate
and finances, which will increase the volume of mutual investments.
to a favorable business environment in Azerbaijan, Iranian companies
are expanding their activities in various fields, including industry,
construction, services, communications, trade, transport and
An important field for cooperation between Azerbaijan
and Iran is transport and transit, particularly involving the
development of the international North-South transport corridor.
to Dejpasand, the construction of the Qazvin Rasht Astara (Iran)
Astara (Azerbaijan) railway, a key component of the North-South
transport corridor, is underway. The Qazvin Rasht section of the road
has already been commissioned, and work on the Rasht Astara line is
The construction of the Rasht Astara line will be
completed within the next 2 years, and a connection will be established
between the railway systems of Iran and Azerbaijan, which will create
favorable conditions for the further development of the non-oil sector
in both countries.
Dejpasand also noted that the creation of a joint international investment fund is being discussed.