Economy, Domestic Economy

Ashkhabad Fair

Ashkhabad FairAshkhabad Fair

Iran is to open an exclusive trade and industrial fair in Turkmenistan’s capital city of Ashkhabad on February 25-27, Mohammad Samadi, the head of North Kohrasan Province’s chamber of industries, mines, and agriculture told IRNA on Saturday. The exposition is organized by the northeastern province, the official said. The fairground is estimated to be 1,200 m2 and can be expanded to 2,000 m2 if needed, he added. North Khorasan has a 300-kilometer joint border with Turkmenistan and its exports to the country constitute 17 percent of the province’s total exports so far in the current fiscal year (ending March 20). The value of trade between Iran and Turkmenistan is estimated to be around $5 billion a year, and the Iranian and Turkmen officials have expressed hope that the figure could reach $10 billion in the near future. The Iranian Trade Promotion Organization (TPO) is making every effort to pave the ground for Iranian firms to enter and stay active in the Turkmen market.