Azerbaijan, Baku, Feb. 19/ Trend F.Milad/
Iran opened an exclusive economic and trade fair in Turkmenistan's capital city of Ashgabat on Monday, with 67 Iranian trade companies in attendance, IRNA news agency reported.
Iran was Turkmenistan's first trading partner in 2010, accounting for 21.7 per cent of its total trade value, the Turkmenistan State Statistical Committee reported on November 13, 2011.
The trade value between Iran and Turkmenistan is expected to reach $5 billion by the end of the current Iranian calendar year (March 19, 2012), an official with the Trade Promotion Organisation of Iran said.
"Tehran and Ashgabat have great potential to enhance their bilateral trade value up to $10 billion," Abdolhamid Asadian added.The two countries' annual trade value currently stands at $4.2 billion.
The head of the Turkmen Chamber of Commerce and Industry Palvan Taganov said that currently 146 Iranian companies are carrying out several industrial and constructional projects in Turkmenistan.