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Turkmenistan, Iran to discuss joint business projects

Business Materials 18 July 2011 17:12
Ashgabat will host a meeting of the intergovernmental commission on economic cooperation between Turkmenistan and the Islamic Republic of Iran this week, an official Turkmen source reported.

Turkmenistan, Ashgabat, July 18 / Trend H.Hasanov /

Ashgabat will host a meeting of the intergovernmental commission on economic cooperation between Turkmenistan and the Islamic Republic of Iran this week, an official Turkmen source reported.

There also will be held a joint business forum. Organizers note that these activities are designed to "promote the further expansion of the fruitful trade and economic and cultural ties, as well as give new incentives to develop mutually beneficial business partnership between the two neighboring countries."

At the last governmental meeting, Turkmen President Gurbangulu Berdimuhamedov noted that today interstate cooperation between Turkmenistan and Iran, "has reached a new frontier" due to a continued goodwill of the parties and mutual commitment to full cooperation".

Turkmenistan together with Iran implemented large projects such as the construction of the Dostlug reservoir, the Tejan-Sarakhs-Mashad railroad, interstate pipelines and power lines.

Today, the North-South railway project, which also involved Kazakhstan, is being realized. The railway agencies of the three countries are jointly working on laying of railroad tracks and organization of the new service roads, with financial support from the Asian Development Bank and Islamic Development Bank.

Turkmenistan and Iran are involved in another large-scale project. Ashgabat hosted the signing ceremony of the interstate Ashgabat agreement on forming a new international transport and transit corridor Uzbekistan - Turkmenistan - Iran - Oman - Qatar in late April.

Specific plans for the development of this agreement will be developed by experts and working groups of the five states. The countries will explore prospects for cooperation in the field of international transit traffic.

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