The documents were signed as part of a visit of Minister of Information and Communications Technology of Iran Mahmoud Vaezi to Azerbaijan.
Prior to the signing ceremony, Azerbaijani Minister of Economy Shahin Mustafayev and Iranian Minister Mahmoud Vaezi discussed the bilateral cooperation between the two countries.
The Azerbaijani Minister highlighted the work to be done for the development of tourism and transport sector, adding it would be beneficial for the two countries.
Saying the construction of a railway bridge on Astara river will be finished by the end of this year, Minister Mustafayev added that the railway will also be fully constructed by that time.
Then Azerbaijani and Iranian companies signed memorandums of understanding.
“Azerbaijan Investment Company” OJS, Azersun Holding MMC and Iran’s Darou Pakhsh companies signed a Memorandum of Understanding on producing pharmaceutical products in accordance with the international standards.
Sumgait Chemical Industrial Park MMC and Iran’s Darou Pakhsh companies signed a Memorandum of Understanding on producing pharmaceutical products in accordance with the international standards in the territory of Sumgait Chemical Industrial Park.
Azerbaijan Investment Company and Azevrocar MMC signed a Memorandum of Understanding on producing automobile and its relevant spare parts in Neftchala Industrial District.