Tehran, Baku sign economic MOUFebruary 23, 2009 - 22:16 AMT PanARMENIAN.Net - Foreign ministers of Iran and Azerbaijan signed a memorandum of understanding in Baku on Thursday at their 7th joint economic commission.The 114-article deal stipulates the ways for the promotion of ties in the fields of trade, transportation, urban development, gas and oil, petrochemicals, agriculture, industry, banking, environment, culture, tourism, health, and education. Iranian Foreign Minister Manouchehr Mottaki referred to signing the MOU as` a positive step' towards the expansion of bilateral relations, adding the deal would augment the two-way annual trade to $1.5 billion from the current $700 million. Azeri official Elmar Mammadyarov said that the sides enjoy great potentials to develop economic cooperation. "Five ad hoc working groups have been formed chaired by the foreign ministers of the two countries to direct the joint economic commission's activities," said Mamedyarov. During his one-day visit, Mottaki also held talks with Azeri President Ilham Aliyev, and Parliament Speaker Ogtay Asadov, Tehran Times Economic Desk reports. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | IDBank, Dalma team up for Caucasian Deer Reintroduction Program IDBank has joined Dalma Garden Mall’s Green Challenge to support the Caucasian red deer reintroduction project. Through Ucom’s support the 12th Sunchild Festival concludes On May 24-28, with the support of Ucom, the 12th international environmental festival Sunchild took place in Yerevan. U.S., Turkey emphasize importance of Armenia-Azerbaijan peace deal Jake Sullivan and Akif Cagatay Kilic have discussed the normalization process between Armenia and Azerbaijan. Armenia coach expects good football in Slovenia friendly The Armenian national team has left for Ljubljana a friendly match against Slovenia on June 4. |