Iran and Turkmenistan aim to increase bilateral trade by 30% following the first-ever exhibition of Turkmenistan’s export capabilities in Iran, held in Gorgan from May 4-6, 2025. This landmark event featured 53 private companies and 12 government institutions from Turkmenistan. The report was published by the Tehran Times on 13 May 2025.
Key points:
– Trade between the countries reached nearly $600 million last year
– The exhibition was funded entirely by the private sector with government support
– Preliminary agreements were reached in petrochemicals, petroleum products, construction materials, food industries, textiles, and logistics
– Golestan Province was chosen as host due to strategic ethnic, cultural, and geographical ties, including over one million ethnic Turkmens living in Golestan and North Khorasan
Both nations are working to remove structural barriers in banking, transport, logistics, and visa issuance. A special economic consortium has been formed to enhance exports and trade exchanges between the countries.
Recent diplomatic activities include:
– Iranian Vice President meeting with Turkmen President in April 2025
– Iranian Transport Minister’s visit to Turkmenistan in March 2025
– Upcoming joint economic committee meeting scheduled for mid-May in Tehran
The countries plan to develop cooperation roadmaps for transportation, technical and engineering collaborations, and energy sector partnerships. Additional plans include reducing road tolls, facilitating traffic flow, establishing mixed transportation infrastructures, and increasing passenger flights between cities. /// nCa, 14 May 2025