Iran and Azerbaijan have inked a key document to expand bilateral economic cooperation as Baku welcomes Iran’s increased investment and technical assistance to rebuild regions around Nagorno-Karabakh that were liberated following a deadly conflict with ethnic Armenian forces late last year.
The establishment of the Iranian Trade House in Azerbaijan will give an impetus to activities of the Iran-Azerbaijan Joint Chamber of Commerce, said Ambassador of the Islamic Republic of Iran to Azerbaijan Seyyed Abbas Mousavi said.
Four Azerbaijani servicemen have been killed in recent weeks in clashes in the Nagorno-Karabakh region, Azerbaijan’s Defense Ministry said on Sunday, in the first report of casualties since a Russian-brokered cease-fire accord.
Trade between Iran and Azerbaijan through the Bileh-Savar border crossing has risen eight percent during the first eight months of the current Iranian year (March 20-November 20), said the head of Iran-Azerbaijan Joint Chamber of Commerce.
Armenian Prime Minister Nikol Pashinyan called Saturday for greater military cooperation with Russia, a day after Azerbaijani troops began moving into territory in Nagorno-Karabakh previously held by Armenian separatist forces.
Units of the Azerbaijani Army have entered the Aghdam region, a territory ceded by Armenian forces in a cease-fire agreement that ended six weeks of heavy fighting over the separatist region of Nagorno-Karabakh, Azerbaijan’s Defense Ministry said Friday.