Tags: EU | Azerbaijan | Iran | Russia

Leaders of Azerbaijan, Iran, Russia Focus on Boosting Trade

Leaders of Azerbaijan, Iran, Russia Focus on Boosting Trade

Sunday, 07 August 2016 12:55 PM EDT

BAKU, Azerbaijan (AP) — Azerbaijan's president says he expects an upcoming summit with the leaders of Iran and Russia to give a major push to construction of a new international transport corridor.

President Ilham Aliyev says he and Iranian President Hassan Rouhani agreed on Sunday to speed up construction of the North-South corridor and they expect further progress when Russian President Vladimir Putin joins them in Baku on Monday.

The North-South corridor running between Russia and India is intended to reduce freight costs and increase trade along the route.

The Kremlin also says the summit will focus on the transport corridor, particularly construction of a railroad between Iran and Azerbaijan.

Russia says trade with Iran was up 70 percent in the first five months of 2016, with Russian exports accounting for most of it.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Azerbaijan's president says he expects an upcoming summit with the leaders of Iran and Russia to give a major push to construction of a new international transport corridor.President Ilham Aliyev says he and Iranian President Hassan Rouhani agreed on Sunday to speed up...
EU,Azerbaijan,Iran,Russia
133
2016-55-07
Sunday, 07 August 2016 12:55 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved