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Iran, Turkmenistan sign docs on customs trade, issuing visas

Business Materials 18 February 2015 11:31 (UTC +04:00)

Baku, Azerbaijan, Feb. 17

By Fatih Karimov - Trend:

Iran and Turkmenistan signed agreements to facilitate customs trade.

The 11th meeting of the Iran-Turkmenistan joint consulate, customs, and border commission was held in Ashgabat, Iran's Fars news agency reported on Feb. 17.

Facilitating the travel of nationals and merchants and facilitating the issuance of visas were among the agreements.

The two sides also agreed to cooperate on fighting drugs and extraditing legal criminals.

In Feb. 2014, Iranian minister of industry, mine and trade Mohammad-Reza Nematzadeh said Iran and Turkmenistan have the capacity to double their trade exchanges.

In a meeting with the visiting Turkmen Foreign Minister Rashid Meredov in Tehran, Nematzadeh said the two countries can raise the current $5-billion trade transaction to $10 billion.

The Islamic Republic exports machinery, construction materials, sedans, buses, food stuff, agricultural and petrochemical products, electrical products and home appliances to Turkmenistan, and imports natural gas, electricity, textiles and agricultural products from its northern neighbor.

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