Azerbaijani businesses may benefit from US-Iranian accord

"This would create new opportunities in many sectors of the economy, including trade and transportation,” Mammadov said at a conference in Baku.

The lifting of sanctions will also pave the way for direct investments in Iran and cooperation in the banking sector. 

The conference, organized by Azerbaijan’s Pasha Bank and the Confederation of Azerbaijani Entrepreneurs, discussed the activities of Azerbaijani businesses under the new economic conditions.