Kazakhstan looks to increase export of goods to Iran through Turkmenistan

Turkmenistan Materials 11 October 2021 18:04 (UTC +04:00)

BAKU, Azerbaijan, Oct. 11

By Farida Nuri - Trend:

Kazakhstan intends to increase the export of a number of goods to Iran through Turkmenistan, Trend reports with reference to the Turkmen media.

The total amount of exported goods may reach $162.3 million.

"The Kazakhstan-Turkmenistan-Iran (KTI) railway should contribute to the growth of exports of Kazakhstani goods in the metallurgical, food, machine-building, pharmaceutical and chemical industries," the recent analyses showed.

Earlier, Turkmenistan came up with an initiative to sign a Memorandum on the commercialization of the KTI railway corridor on November 28 in Ashgabat.

The document will help increase the economic potential of the KTI railway corridor, through which it is possible to transport up to 12 million tons of cargo annually. Until now, this route has transported on average about 1 million tons of cargo per year.