Iran, Turkmenistan annual trade to reach $5b

The trade value between Iran and Turkmenistan is expected to reach $5 billion by the end of the current Iranian calendar year (March 20, 2012), the director of Europe and America bureau of the Trade Promotion Organization of Iran said here on Wednesday. Addressing the 2nd Iran-Turkmenistan economic meeting, Abdolhamid Asadian said that, “Tehran and Ashgabat have great potentials to enhance their bilateral trade value up to $10 billion.” The tow countries’ annual trade value currently stands at $4.2 billion, IRNA reported. The head of the Turkmen Chamber of Commerce and Industry Palvan Taganov also said that Iran is a major trade partner for his country. According to him, currently 146 Iranian companies are carrying out several industrial and constructional projects in Turkmenistan.