Turkmenistan’s capital city of Ashgabat is to host the second edition of Iran’s specialized exhibition of energy and technical and engineering services, known as “Iran Project.”

According to Abdolhamid Asadian, executive official of Iran Project, the four-day exposition will be held in the Turkmen capital city on August 19-21.

In an interview with Fars news agency, the official said Iran’s President Hassan Rouhani and his Turkmen counterpart, Gurbanguly Berdimuhamedow, signed 17 memorandums of understanding for all-out cooperation between the two countries during a visit to Ashgabat by Rouhani in March.

The two countries have also indicated their readiness and determination to boost the volume of bilateral trade to USD 60 billion in the next 10 years, he added.

Asadian further noted that this year’s exhibition will focus on barter trade between the two countries according to which natural gas from Turkmenistan will be exchanged with Iranian goods and services.

The official said qualified Iranian companies active in the fields of industrial production and export of technical and engineering services can take part in this year’s event.

“Turkmenistan Chamber of Commerce has sent a letter to Iranian officials asking them to send Iranian goods and services needed by various economic sector in Turkmenistan to the exhibition,” the Iranian official said, adding, “Therefore, during this year’s exhibition, we are determined to hold trade workshops between the two sides and pave the way for the exchange of the Turkmen gas with Iranian goods and services.”

Asadian further stated that following the holy month of Ramadan, the two countries’ officials will meet to discuss ways of expanding bilateral cooperation.

Iran’s 2nd specialized exhibition of energy in Turkmenistan will be attended by major Iranian companies as well as the two countries’ producers, exporters, and businesspeople at Ashgabat International Fairgrounds over an area of more than 2,000 square meters.

According to the latest figures, the volume of trade exchanges between Iran and Turkmenistan has exceeded Iran’s exchanges with other member states of the Commonwealth of Independent States in 2014 and has been even higher than the volume of trade between the Islamic Republic and Russia.

Source: Press TV