Relations between Azerbaijan and Iran have never been at such a high level as now, said Azerbaijan’s Economy Minister Shahin Mustafayev.

Mustafayev made the remarks Aug. 6 at a meeting, dedicated to laying foundation for a joint car plant, with Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh.

He said Iran’s investments to Azerbaijan have reached 2.65 billion Azerbaijani manats and 450 companies on Iranian capital operate in the country.

Relations between the two countries have been developing successfully, in particular, over the past two years, encouraged by the political will of the presidents, added the minister.