BAKU, October 26. /TASS/. Lifting sanctions from Iran will have a positive influence on the region and create new economic opportunities, Azerbaijan’s Deputy Economy and Industry Minister Sevinj Hasanova said on Monday.

The improvement of the situation with Iran "will positively affect the region as a whole," Hasanova said. "New economic opportunities may appear for the countries in the region," she added.

"Resuming supplies via North-South route is especially important," the deputy minister said. "We are holding talks with Iran on constructing a missing link [of this route]," she noted.

TASS reported earlier that the international transport corridor North-South will allow to cut by half the time of cargo delivery. However, it also requires new logistical centers and terminals.

The idea of the North-South international transport corridor was put forward in 1993. In 2000 a relevant agreement was signed between Russia, India and Iran, through which the transit route will run. The time of cargo delivery, in particular from India to Russia, will decrease by two times in comparison with existing routes and will not exceed 30 days. The cost of delivering cargoes will also fall by 30%