Iran, Turkmenistan to Increase Bilateral Trade to $60bln

Iranian President Hassan Rouhani on Sunday said the country plans to raise the value of its bilateral trade with Turkmenistan to $60 billion in 10 years.

Speaking at a joint press conference in Tehran with his Turkmen counterpart, Gurbanguly Berdimuhamedow, President Rouhani pointed to the issues discussed in his earlier meeting with the Turkmen president and said during today’s talks, the two sides stressed the need to further strengthen Tehran-Ashgabat ties.

“The two countries decided to expand their economic relations so that the bilateral trade will reach $60 billion within the next ten years,” he noted.

“Cooperation between the two countries in the fields of gas, electricity, road and rail transport, industrial relations, agriculture, tourism and cultural issues was emphasized by the two sides,” Rouhani added.

The Turkmen president is in Tehran to attend the 3rd Gas Exporting Countries Forum (GECF), due to be held tomorrow.