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TEHRAN, March 5 (Xinhua) -- Iran and the Republic of Azerbaijan on Sunday signed two memorandums of understanding (MoU) to expand cooperation on financial and transportation sectors, official IRNA news agency reported.
The two MoUs encompass fighting money laundry and criminal assets, and fostering railroad cooperation and expanding railroad links between the two neighbors.
The documents were signed at the presence of Iranian President Hassan Rouhani and his visiting Azeri counterpart Ilham Aliyev who arrived in Tehran earlier in the day for an official visit.
Concurrent with the visit of President Aliyev to Tehran, the railroad to link Iran's Astara port city to its namesake in Azerbaijan republic will be test-launched, the report said.
Iran and Azerbaijan share immense cultural background and have been speeding up enhancement of their cooperation over the past years.
In Aliyev's last visit to Tehran in 2016, the two countries signed 11 documents of agreement to promote mutual cooperation in diverse areas.
In the ongoing visit of Aliyev, a high-ranking political and economic delegation accompanies the Azeri president.
