Ashgabat, Tehran intend to increase mutual trade to record levels

Ashgabat, Tehran intend to increase mutual trade to record levels

Turkmenistan, Ashgabat, July 19 / Trend H. Hasanov /

Ashgabat and Tehran have expressed the intention to bring mutual trade up to $10 billion during the recent Iranian-Turkmen business forum in Tehran, Watan newspaper said today.

According to the information a positive trend of the growth of trade turnover between the two countries and the contribution made by representatives of non-state sector of the economy were stressed.

The heads of Iran's top 300 big companies working in oil, gas and petrochemical sectors, construction industry, machine building, food industry, trade, other associations and enterprises attended the forum.

The Turkmen delegation included representatives from the foreign ministry as well as leading specialists of profile ministries and the production sector, the Chamber of Commerce and Industry and Union of Industrialists and Entrepreneurs.

Representatives of Iranian business circles stressed a readiness to offer Turkmen partners advanced development and innovative technologies in road construction, transport and the food industry, as well as the supply of building materials and equipment for the poultry industry.

The parties agreed on the mutual establishment of trading houses and holding specialised exhibitions in February 2013. The negotiations were conducted between representatives of business circles and various agencies of the two countries on the new joint projects.

Turkmenistan along with Iran has carried out large scale projects such as the construction of the Dostluk reservoir, the Tejan-Sarakhs-Mashad railroad, interstate gas pipelines and power lines.

At this stage, the implementation project referred to is the North-South rail project which takes in part of Kazakhstan. Construction of the railway is supported by the Asian Development Bank and Islamic Development Bank.

The parties are also negotiating to increase the supply of energy resources from Turkmenistan.

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