Iranian president due in Turkmenistan for economic talks

Business Materials 2 March 2015 12:53 (UTC +04:00)

Baku, Azerbaijan, Mar. 2

By Fatih Karimov - Trend: Iranian President Hassan Rouhani will pay a two-day visit to Turkmenistan, starting on March 10, to discuss ways to expand bilateral economic ties.

A number of ministers and a group of officials from the private sector will accompany Rouhani, Iran's IRNA news agency reported on March 2.

Rouhani and his Turkmen counterpart Gurbanguly Berdimuhamedow are scheduled to sign documents on expanding cooperation in economic, political, and cultural areas.

In Feb. 2014, Iranian minister of industry, mining and trade Mohammad-Reza Nematzadeh said Iran and Turkmenistan have the capacity to double their trade exchanges.

In a meeting with the visiting Turkmen Foreign Minister Rashid Meredov in Tehran, Nematzadeh said the two countries can raise the current $5-billion trade transaction to $10 billion.

The Islamic Republic exports machinery, construction materials, sedans, buses, food stuff, agricultural and petrochemical products, electrical products and home appliances to Turkmenistan, and imports natural gas, electricity, textiles and agricultural products from its northern neighbor.