Iran, Turkmenistan sign MoUs to boost mutual ties

Jul 28, 2015 12:00 AM

Iran and Turkmenistan signed a couple of MoUs to boost cooperation in economic, cultural, and educational areas.
The documents were signed by Iranian Transport and Urban Development Minister Abbas Akhoundi and Turkmen Foreign Affairs Minister Rashid Meredov at the end of the 14th Iran-Turkmenistan Joint Economic Committee Meeting, which was held in Tehran on July 27, Iran’s IRNA news agency reported.

During the meeting, the Turkmen minister said Iran and Turkmenistan, as the two neighboring countries, will expand their bilateral, regional and international cooperation.

He added that the agreements were related to fuel and energy, trade, transport, economy, and water.

Presidents of the two countries have agreed to boost bilateral trade to $60 billion by the next 10 years and increase the volume of transits to 10 million metric tons by the next three years, he said.

Meanwhile, a MoU was signed to start the construction of a bridge at the joint border.

In March, the two countries signed 17 cooperation documents in economic, cultural, political, legal, scientific, and technological fields.

In May, Iranian President Hassan Rouhani announced Iran’s readiness to speed up the implementation of road building, technical and engineering, as well as energy projects in Turkmenistan.

Turkmenistan was the 7th leading importer of Iranian non-oil goods in the previous Iranian calendar year, which ended on March 20, 2015, according to the Iran Customs Administration.Iran exported $973.65 million of non-oil goods to Turkmenistan and imported $113.72 million of non-oil goods from the country.

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