Economy, Business And Markets

N. Khorasan Delegation to Visit Turkmenistan

N. Khorasan Delegation to Visit TurkmenistanN. Khorasan Delegation to Visit Turkmenistan

A business delegation from North Khorasan Province will visit Turkmenistan in the current Iranian year (ends March 20) to discuss ways of boosting economic cooperation, the head of Bojnourd Chamber of Commerce, Industries, Mines and Agriculture announced.

Mohammad Samadi added that the main issues in the way of bilateral trade are related to visa for Iranian businessmen and clearing payments for trade transactions, Iran Chamber of Commerce, Industries, Mines and Agriculture’s news portal reported.

Samadi noted that Iranian companies in the fields of technical and engineering services, oil, gas, petrochemicals, construction, electricity and road construction are ready to initiate cooperation with their Turkmen counterparts.

The northeastern Iranian province borders Turkmenistan.

The Iranian delegation aims to boost export, facilitate imports and increase joint exhibitions held in the neighboring countries.

Earlier, Roads and Urban Development Minister Abbas Akhoundi said Iran’s trade with Turkmenistan stood at $1.7 billion in 2016.

“The figure is very low, considering the two countries’ economic capacities,” he was quoted as saying in a ceremony held on Nov. 6 to mark the 26th anniversary of Turkmenistan Independence Day.

Turkmenistan became independent upon the dissolution of the Soviet Union in 1991. Since then, Tehran and Ashgabat have enjoyed good relations and have cooperated in economic, transportation, infrastructure and energy sectors. The neighboring countries share a common border of more than 1,000 km.

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