Iran and Turkmenistan have agreed to increase the value of bilateral trade to $60 billion over the next decade, said Iranian Vice President for Executive Affairs Mohammad Shariatmadari.
Speaking to reporters at an Iranian trade exhibition in Ashgabat on Tuesday, Shariatmadari said the two neighbors also plan to from a joint trade commission.
“The two sides have agreed to cooperate in finance, banking, goods transit, technical engineering, natural gas swap, inauguration of the Iran-Turkmenistan-Kazakhstan railway link, as well as joint economic and industrial ventures,” he added.
Ashgabat is hosting a specialized exhibition of Iranian products on February 23-25. More than 90 companies’ products are showcased there.
Iranian manufacturers engaged in the engineering, chemical industry and electronics, food and light industry, agriculture and water management, construction, trade, health and education, are presenting their innovative products at the exhibition.
Turkmen President Gurbanguly Berdimuhamedov ordered at the last governmental meeting to hold an exhibition at a high level.
“This traditional event must be another action in intensifying fruitful partnership between Turkmenistan and Iran and determining new ways of trade-economic cooperation on a wide range of areas,” the president said.
Irans New Ambassador to Turkmenistan Seyed Mohammad Ahmadi said on Sunday that according to a letter of understanding signed between the Iranian and Turkmen presidents in Tehran, the volume of trade between the two countries will amount to $60 billion in the next ten years.
Ahmadi noted that among 15 neighboring countries Turkmenistan has the best relations with Iran, adding that the Turkmen officials are enthusiastically interested in cooperation with Iran.
As of the first nine months of 2015, the trade turnover volume between Turkmenistan and Iran exceeded $2.62 billion, which was 2.2 percent more than in the same period of 2014.
Source: FARS- Date: (24 February 2016)