Iran, Turkmenistan establish economic consortium to increase trade
The head of the Iran-Turkmenistan Joint Chamber of Commerce announced the formation of a specialized economic consortium aimed at boosting exports and trade between Iran and Turkmenistan. The consortium, supported by the joint chambers of both countries, seeks to strengthen economic cooperation.
Ramezan Bahrami, speaking on Saturday, stated that the establishment of the Iran-Turkmenistan Economic Consortium has been widely welcomed by economic stakeholders, IRNA reported.
He emphasized that the consortium provides a valuable opportunity to organize trade, facilitate investment, and remove trade barriers between the two nations.
Bahrami highlighted the consortium’s role in fostering sustainable trade relations, describing it as an effective tool for increasing exports, attracting investments, and easing economic interactions.
He added that the consortium offers a cohesive platform for targeted economic activities in the Turkmenistan market and will create new opportunities for expanding bilateral cooperation.
Bahrami noted that the new mechanism, launched with private sector participation and within the framework of the Iran-Turkmenistan Joint Chamber, is expected to increase trade volumes, reduce commercial costs, and enhance regional economic interactions.
He welcomed the active involvement of economic stakeholders in the initiative, stating that the participation of Iranian companies in the consortium will pave the way for sustainable growth in bilateral trade and facilitate entry into Central Asian markets.