01 Sep 2026
Azerbaijan and Iran to sign agreement on preferential trade
Iran and Azerbaijan will soon sign an agreement on preferential trade, Deputy Minister of Industry, Mine and Trade and Head of Trade Promotion Organization of Iran (TPOI), Alireza Peymanpak said at a press conference.
Peymanpak noted that the two sides are currently conducting discussions on the agreement.
The deputy minister added that earlier, representatives of the two countries have conducted discussions on preferential trade, and the two sides have reached an agreement on a list of products to be traded under this agreement.
Under the preferential trade agreement between Iran and Azerbaijan, 52 types of products will be imported and exported between Iran and Azerbaijan.
According to the statistics of the Islamic Republic of Iran Customs Administration (IRICA), Iran's trade turnover with Azerbaijan for the last Iranian year (March 21, 2021, through March 20, 2022) amounted to about 852,000 tons worth about $608 million.
The trade turnover between the two countries increased by 93 percent in value compared to the preceding Iranian year (March 20, 2020, through March 20, 2021).
Latest news
Latest newsRomania Faces Political Deadlock: Nicusor Dan Moves to Form a New Government
01.Sep.2026
Pashinyan Meets Aliyev in Bishkek: Armenia and Azerbaijan Prepare for a New Stage in the Peace Process
01.Sep.2026
Ukraine Plans to Present Allies with a New War Strategy and Seek Early EU Funding
31.Aug.2026
The Mecca Pact — Protection or a Trap for Turkiye?
30.Aug.2026
Tigran Khzmalyan: Armenia must make a Decisive Choice in Favor of Europe
30.Aug.2026
Bulgaria to Strengthen Its Black Sea Fleet: Sofia to Receive Seven Minehunter Vessels
29.Aug.2026
Russia Intensifies Strikes on Ukraine’s Infrastructure, Targeting Warehouses and Logistics Hubs
28.Aug.2026
A New Economic Framework for Central Asia and the Caucasus: The Role of Azerbaijan and Uzbekistan
28.Aug.2026
Moscow Warns London: Russia Considers Strikes on British Military Targets
27.Aug.2026
Kazakhstan Launches a New Economic Strategy: GDP Growth, Investment and Pension Reform
27.Aug.2026
CIA Director Visits Moscow: Trump Hopes for Results
26.Aug.2026
Former Ukrainian Defense Minister Warns of Risk of Gradual Defeat in War with Russia
25.Aug.2026
Putin Authorizes Temporary State Management of Critical Infrastructure Vulnerable to Drone Attacks
24.Aug.2026
The United States Rapidly Expands Missile Production: Pentagon Accelerates Output of Tomahawks and Other Critical Weapons
24.Aug.2026
Record Supplies: Armenia Boosts Fish Exports to Georgia
23.Aug.2026