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Iran, Turkmenistan trade turnover to hit $5 billion

Business Materials 10 August 2011 16:39 (UTC +04:00)

Azerbaijan, Baku, August10 / Trend /

The trade turnover between Iran and Turkmenistan has reached to $2.4 billion so far and it's expected to increase to $5 billion by the end of current solar year (started on March 20, 2011), IRNA reported quoting Director-General of the Europe- America Trade Development Organization of Iran Abdol- Hamid Assadian as saying.

"Considering potentials, there is a possibility to increase trade between Tehran and Ashgabat up to $10 billion," he said.

He noted the recent five agreements signed between Qatar, Oman, Iran, Turkmenistan and Uzbekistan are a big step on bilateral trade between two countries.

The government and foreign ministries of Iran and Turkmenistan are attempting to accelerate future business cooperation.

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