06 January 2014
Iran's 8th Exclusive Exhibition will be held in Mekan Palace in Ashgabat (Turkmen capital) during February 25-27.

The goods that will be showcased in the exhibition will include machineries, food industry, printing and packaging equipments, food, livestock, poultry, agro and aquatic products, construction materials including tiles, ceramics, faucets, sanitary ware, colors, wires, cables, Electrical equipments, transportation and techno-engineering services, furniture and home appliances, and mining industry, oil and petrochemical equipments, Fars News Agency reported.

In the past 7 editions of the expo, Iran has played a significant role in creating investment opportunities in Turkmenistan and transferring technology to the country in energy sector, auto manufacture and related industries, production of raw materials, leather, precious stones and medical equipments and manufacturing textile machineries, hand-woven carpets and machine-made rugs.

By holding such exhibitions in other countries, particularly Turkmenistan, Iran aims at boosting mutual trade ties and introducing Iranian high quality products to their markets.

Turkmen government plans to hold meetings with Iranian producers and exporters on the sidelines of the exhibition.

In July, 2013, a report by Press TV said Iran and Turkmenistan seek to increase their trade exchanges to $10 billion in the near future as the two countries' businessmen and merchants are considering a 100-percent growth in the value of trade exchanges.

The current value of annual trade transactions between Tehran and Ashgabat is $5 billion, while the figure stood at $1.3 billion in 2006.

A recent report by the Trade Promotion Organization of Iran on Iran- Turkmenistan trade relations shows that the two countries held six mutual cooperation meetings between 2001 and 2012.

The most important documents exchanged between the two countries were trade agreements on encouraging and supporting investment, agreements on avoidance of double taxation, and memoranda of understanding on business cooperation.

Iran is reportedly Turkmenistan's second largest trade partner after Russia.

The Islamic Republic exports machinery, construction materials, sedans, buses, food stuff, agricultural and petrochemical products, electrical products and home appliances to Turkmenistan, and imports natural gas, electricity, textiles and agricultural products from its northern neighbor.

© Iran Daily 2014