Iran-Turkmenistan Trade at $1.7b in 2016

Iran’s trade with Turkmenistan stood at $1.7 billion in 2016, the minister of roads and urban development said.

“The figure is very low, considering the two countries’ economic capacities,” Abbas Akhoundi was also quoted as saying by IRNA in a ceremony held on Monday to mark the 26th anniversary of Turkmenistan Independence Day.

Turkmenistan became independent upon the dissolution of the Soviet Union in 1991. Since then, the two countries 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.