Baku to host second Azerbaijan-Iran business forum in 2025

An Azerbaijani-Iranian business forum is scheduled to be held in Baku on June 18, with about 50 Iranian companies expected to participate, Report informs.

B2B meetings between entrepreneurs of the two countries are also planned as part of the event to discuss prospects for cooperation and establish new business ties. This will be the second business forum between Azerbaijan and Iran in 2025.

The first one took place on April 28, as part of the official visit of Iranian President Masoud Pezeshkian to Azerbaijan. More than 120 businessmen arrived from Iran to establish contacts with their colleagues in Azerbaijan.

About 2,980 Iranian companies are registered in Azerbaijan, and the volume of Iranian investments in the country has exceeded $5 billion.

According to Azerbaijan's State Customs Committee, the trade turnover between the countries in January-April 2025 amounted to $204.54 million (an increase of 11.5% year-on-year). Of this amount, exports of goods from Azerbaijan accounted for $5.85 million (+29%), and imports for $198.69 million (+11.1%).

According to the results of 2024, the trade turnover between Azerbaijan and Iran amounted to $647 million (+33%). Baku and Tehran have set an ambitious goal - to increase annual trade turnover to $10 billion over the next five years.