MENAFN - Iran secured three deals with Azerbaijan on cooperation in various areas, including establishing an automotive parts manufacturing factory.

Iranian Minister of Economic Affairs and Finance (MEAF) Farhad Dejpasand penned the agreements with Azerbaijani Minister of Economic Development Shahin Mustafayev.

Documents were inked during the Iran-Azerbaijan 13th joint economic cooperation commission which commenced on Friday.

"Islamic Republic of Iran and Republic of Azerbaijan share more commonalities which date back to many years ago in a way that the two friend countries have established amicable interactions since many years ago," stated Dejpasand.

"We hope that a joint brand will be supplied in the international markets between Islamic Republic of Iran and Republic of Azerbaijan," he added.