Azerbaijan, Baku, Jul.9/ Trend F.Milad/
Iran and Kyrgyzstan have agreed to increase their annual trade by ten fold to $5 billion in the long term prospect.
Iranian Industry, Mine and Trade Minister Mehdi Ghazanfari and Kyrgyz Finance Minister Akylbek Japarov hold the tenth meeting of Iran-Kyrgyzstan Joint Economic Committee in Tehran, calling for the bilateral trade to rise to $2 billion within three years.
Iran mainly exports clothing, nuts, paints and flooring to Kyrgyzstan and imports meet, grain and steel scraps instead, Ghazanfari said.
He also said that the previously signed preferential trade agreement can be turned to a free trade agreement by the two sides.
Kyrgyz Ambassador to Iran Medetkhan Sherimkulov has called on Iranian companies to have a greater role in different economic, agriculture, industrial and cultural fields in Kyrgyzstan.
He said that about 180 industrial units are currently operating in Kyrgyzstan, adding that both Iranian and Kyrgyz traders have established these units through joint venture, with the Iranian companies accounting for 70 percent of the investment, Press TV reported.