BAKU: The international North-South corridor and transit are two of the priority areas of cooperation between Iran and Russia, the spokesperson for Iran’s Foreign Ministry, Nasser Kanani said during the press conference, Trend reports.

According to him, collaboration between the two countries in the transit domain increases international economic turnover.

The spokeswoman noted that Iran and Russia are committed to fulfilling their preliminary and new economic cooperation agreements.

‘The drafting of a comprehensive strategic document between the two countries is in its final stage. This document can give a strong impetus to cooperation between the two countries. The two countries have a joint stance on regional and international issues and the fight against terrorism,’ he noted.

To note, the intergovernmental agreement signed on September 12, 2000, between Russia, Iran, and India laid the foundation for the North-South Transport Corridor. In general, several countries have ratified the agreement. (Republ
ic of Azerbaijan, Republic of Belarus, Republic of Bulgaria, India, Islamic Republic of Iran, Republic of Kazakhstan, Kyrgyz Republic, Sultanate of Oman, Russian Federation, Republic of Tajikistan, Republic of Trkiye, Ukraine). The purpose of the corridor is to reduce the time of cargo delivery from India to Russia, as well as to Northern and Western Europe (the delivery time along the current route is more than 6 weeks, and through ‘North-South’ is expected to be 3 weeks).

Meanwhile, the North-South Corridor has three directions in Iran. East direction: Turkmenistan and Central Asian countries; Middle direction: other countries across the Caspian Sea; West direction: Azerbaijan, Georgia, Russia, and Eastern European countries.

Source: Trend News Agency