Tehran, Baku Expanding Automotive Ties

Azerbaijan's ambassador to Iran met with Tabriz Chamber of Commerce officials and called for expansion of collaborations in the field of automotive industries.

On Tuesday, Bunyad Huseynov met Chairman of Tabriz Chamber of Commerce Younes Jaele and said, "The Baku government is keen to strengthen trade ties with Iran in agriculture, food, machinery and automotive industries,” Tejarat News reported.

Huseynov added that the 74% growth in Azerbaijan's trade with Iran is a sign of the interest of the people and officials of the two countries to expand relations. 

The Azeri envoy emphasized the necessity of expanding collaborations at Khazar Car Company, an automotive joint venture between Iran Khodro and AzerMash OJSC, stressing that in addition to addressing the needs of Azeri auto market, exports have always been on the bilateral agenda. 

Jaele highlighted the economic capacities of East Azarbaijan Province and called for cooperation with industrial and economic activists. 

“Dispatching economic and trade delegations to carry out joint venture investment projects is one of the effective measures for expanding economic cooperation,” he said.

News No: 6552
Date: 2019/10/05 - 15:31
News Source: Financial Tribune

Baku  Azerbaijan  OJSC  industries  Automotive 


Leave a Comment:


Slight Decline in Iran's Copper Concentrate Output

The National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex, produced an aggregate of 589,669 tons of copper concentrate during the first six months of the current Iranian year (March 21-Sept. 22) to register a decline of 1% compared with last year’s similar period.

Ningbo Iron & Steel grants FAC to SMS group for modernization of its hot strip mill cooling section

On 26 September 2019, only 14 months from the placement of the order, steel customer Ningbo Iron & Steel Co., Ltd., China, issued to SMS group the FAC (Final Acceptance Certificate) for the successful execution of the laminar cooling modernization in its HSM.

Sen. Ron Wyden questions the relationship between the Kentucky aluminium mill and lifting of sanction on Rusal

Sen. Ron Wyden has questioned the relationship between the Kentucky aluminium mill and the previously sanctioned Russian aluminium company Rusal. He addressed a letter to Craig Bouchard, CEO of Braidy Industries and questioned whether Braidy Industries had established a relationship with Rusal before the removal of U.S. sanctions against the company.

Industries Ministry Reviews 12 Mineral Products

The Ministry of Industries, Mining and Trade's review of 12 minerals during the first five months of the current Iranian year (March 21-Aug. 22) shows eight witnessed year-on-year growth while the other 4 saw declines.

Iran to Start Track-Laying for Rail Link to Azerbaijan

Iranian Deputy Minister of Road and Urban Development Saeed Rasouli announced that his country will soon start track-laying operations for 40 kilometers of Astara-Rasht railroad which will link Azerbaijan’s Southern city of Astara with Iran’s vast network.

Over €840m allocated to support domestic auto parts manufacturers

The industry ministry has allocated €844 million to support the country’s auto parts manufacturers, director general of the industry ministry’s automotive and transportation industries office said.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners