TEHRAN- Iranian Transport and Urban Development Minister Farzaneh Sadegh announced that the transport and transit contract will be signed in between Iran and Republic of Azerbaijan throughout the see of Iranian President Masoud Pezeshkian to Azerbaijan.
She stated, The function of forming the joint committee is to hold routine sessions of this committee and speed up the process of pursuing joint jobs in all elements of transportation, consisting of rail, road, air, and sea.
Iran and Azerbaijan signed Persian and Azeri variations of a memorandum of understanding (MOU) on April 8, during the 16th Joint Economic Committee conference, co-chaired by Iran's Minister of Transport and Urban Development and Azerbaijans Deputy Prime Minister.
According to the Ministry of Transport and Urban Development, the meeting between Iranian Minister Farzaneh Sadegh and Azerbaijans Deputy Prime Minister Shahin Mustafayev focused on reviewing bilateral projects and cooperation in financial, transport, trade, energy, and banking sectors.
The 2 sides likewise completed agreements and action strategies to be highlighted throughout the upcoming see of Iranian President Masoud Pezeshkian to Azerbaijan.
The signed Persian and Azeri texts of the memorandum were appended to the English variation of the MOU, which had been formerly checked in Tehran in February 2025.
As part of her official see, Minister Sadegh likewise checked joint transportation infrastructure jobs between the 2 countries.
Sadegh, who likewise chairs the Iran-Azerbaijan Joint Economic Committee, likewise consulted with Azerbaijani President Ilham Aliyev in Baku to discuss bilateral ties and economic cooperation.
According to a statement from Iran's Transport and Urban Development Ministry, the conference concentrated on broadening joint jobs throughout key sectors consisting of transportation, custom-mades, water and energy, oil and gas, and preferential trade.
At the start of the conference, Azerbaijani President Ilham Aliyev appreciated the recent mutual check outs of high-level delegations from Azerbaijan and Iran, keeping in mind that these check outs provide an important opportunity to strengthen relationship between the two nations and promote bilateral cooperation.
He mentioned the holding of the conference of the Iran-Azerbaijan Joint Economic Committee and stressed that the conferences program includes essential jobs focused on expanding cooperation in the fields of economy, trade, energy, and transportation.
The Iranian minister, for her part, stressed her countrys interest in developing relations with Azerbaijan in all locations, and pointed to the strong historic, cultural, and religious ties in between the 2 countries.
Sadegh led a top-level Iranian delegation to Azerbaijan from April 7 to 10 to evaluate progress on previous agreements, remove barriers to joint ventures, and prepared for an approaching visit by Iranian President Masoud Pezeshkian to Baku.
The check out consisted of field inspections of joint border infrastructure projects and the unveiling and finalizing of the Farsi and Azerbaijani variations of the joint committees cooperation document, which was originally signed during a session kept in Tehran in February after a three-year hiatus.
Both variations will be added to the English-language file.
Proposals for a new memorandum of comprehending on transport and border cooperation were likewise being talked about, aimed at facilitating much deeper cooperation ahead of Pezeshkians journey.
Amin Tarafo, advisor to the minister and head of the ministrys global affairs office, said the journey was being made at the official invitation of Azerbaijans Deputy Prime Minister Shahin Mustafayev.
He emphasized that the talks will develop on current momentum in bilateral trade, which grew by 20 percent in 2024 to a record $580 million.
Iran intends to raise this figure to $10 billion within 5 years.
Sadeghs meetings were anticipated to clear the method for a more robust bilateral collaboration, with both nations seeking to activate untapped capabilities in trade and infrastructure development.
In late January, the 16th meeting of the Iran-Azerbaijan Joint Economic Committee was accepted the participation of Iran's minister of transport and city advancement and Azerbaijans deputy prime minister in Tehran.
The second day of the meeting happened on January 22, with the presence of Farzaneh Sadegh, and Azerbaijans Deputy Prime Minister Shahin Mustafayev.
The Iranian minister revealed her satisfaction with the restored cooperation, specifying, After a hiatus of over three years due to different scenarios, I am pleased that we effectively assembled the 16th session of the Joint Economic Committee in Tehran.
I hope that by following up on contracts in transportation, custom-mades, energy, oil, gas, electrical power, water, banking, preferential trade, financial investment, and other areas, we can open brand-new opportunities of cooperation and witness further growth in bilateral trade relations.
She highlighted transit cooperation opportunities, stating: While significant steps have been taken in recent years to improve this element of our relations, the current capacity in roadway, rail, air, and maritime transport in between the 2 countries is far greater than what is presently utilized.
Sadegh kept in mind the requirement of solving transit concerns, proposing the establishment of a thorough transport committee and expert assessments to attend to these difficulties.
MA.
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