Azerbaijan-Iran business forum in Baku postponed indefinitely

The Azerbaijan-Iran business forum scheduled for June 18 in Baku has been postponed indefinitely, Report informs referring to the International Club of Manufacturers, Exporters and Importers (ICMEI).

The forum was planned to be attended by about 50 Iranian companies. The meeting included B2B negotiations between entrepreneurs of the two countries aimed at discussing prospects for cooperation and establishing new business ties. This forum was supposed to be the second event of this kind between Azerbaijan and Iran in 2025. According to ICMEI, about 2,980 Iranian companies are currently registered in Azerbaijan.

The volume of Iranian investments in the country's economy has exceeded $5 billion. According to the State Customs Committee of Azerbaijan, the trade turnover between the two countries for January-April 2025 amounted to $204.54 million, which is 11.5% more than in the same period last year. Of this volume, exports from Azerbaijan accounted for $5.85 million (+29%), and imports for $198.69 million (+11.1%).

By the end of 2024, mutual trade turnover reached $647 million, an increase of 33% year-on-year. Baku and Tehran have set a goal to increase this figure to $10 billion over the next five years.