The Iranian media has reported that there has been considerable growth in the trade volume between Iran and the Caspian states in the recent months. According to the Mehr News Agency of Iran, the trade (excluding crude oil exports) with Caspian Sea littoral states reached 4.62 million tons worth $2.49 billion during the first eight months of the current Iranian year (March … [Read more...]
Iran creates free trade zone on border with Turkmenistan
Elvira Kadyrova The Iranian Expediency Council has okayed the creation of a free trade and industrial zone in Incheh-Borun in Golestan province on the border with Turkmenistan, Iranian media reported. Incheh-Boron is one of the key points along the Kazakhstan-Turkmenistan-Iran rail corridor (north-south). Hadi Haghshenas, the governor of Golestan, confirmed the news and … [Read more...]
Turkmenistan exports to Russia showed 154% surge in the H1 2020
Elvira Kadyrova In the first half of 2020, Russia's trade turnover with Turkmenistan approached US $ 630 million, demonstrating an increase of 184.13% (or US $ 407,870,047) year-on-year basis. This is reported by the Russian portal of foreign trade information with reference to the recent data of the Federal customs service of Russia. Russia's imports from Turkmenistan in … [Read more...]
Russia increases export of medicines to Turkmenistan
From July 2020 until today, Russia has exported to Turkmenistan medical industry products worth over US $ 7.8 million. The main export items supplied through the Russian trade representation to Turkmenistan included medicines, medical equipment and personal protective equipment from such pharmaceutical manufacturers of Tatarstan - JSC "Tatchempharmpreparaty", … [Read more...]
Trade between Afghanistan and Uzbekistan is growing despite the pandemic-caused global downturn
Elvira Kadyrova Despite the negative impact of the coronavirus pandemic on international trade, the bilateral trade between Uzbekistan and Afghanistan increased by 24 % year-on-year in the H1 of 2020. The positive dynamics of growth in neighbors’ trade was announced during a videoconference between the government delegations of Afghanistan and Uzbekistan, held on 8 August … [Read more...]
Kazakhstan eyes on ramping up commodity exports to Turkmenistan and other neighboring countries
Elvira Kadyrova Kazakhstan aims to increase the volume of non-oil exports to neighboring countries by 1.5 times by 2022. The statement came from the Vice-Minister of trade and integration of the country Kairat Torebayev. In early September, the president of Kazakhstan instructed the ministry of trade and integration to ensure favorable conditions for the promotion of Kazakh … [Read more...]