Lifting of sanctions to create new opportunities for Azerbaijani business in Iran

The lifting of sanctions, imposed on Iran by the EU and the US due to its nuclear program, will create new opportunities for Azerbaijani entrepreneurs in that country, the Director of the Azerbaijani Center for Strategic Studies, Farhad Mammadov, said at a conference titled 'The challenges that create new opportunities' organized by Pasha Bank and the National Confederation of Entrepreneurs Organizations of Azerbaijan.

"The lifting of sanctions will create new opportunities for our neighbor and the Azerbaijani entrepreneurs will be able to take the advantage of them," Trend cited him.

Mammadov noted that the entrepreneurs from Azerbaijan will be able to invest in various sectors of the Iranian economy, such as transport and trade.

"In the circumstances, when Eurasia’s major states have varying approaches to the development concept, the EU’s free trade area, Russia’s Customs Union, which includes Russia, Kazakhstan and Belarus, and the new trade area being formed in the East, Azerbaijan needs to understand which path should be chosen to secure the economic development," the Director noted.