The value of Iran’s non-oil trade rose 40 percent during the first eight months of the current Iranian calendar year (March 21-November 21), as compared to the same period of time in the past year, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
The upcoming 15 ECO Summit in Turkmenistan seems to be a good opportunity for Tehran to increase economic and trade cooperation with the nine member states of the bloc.
Deputy minister of roads and urban development and managing director of the railway company of the Islamic Republic of Iran announced the conclusion of a "tripartite memorandum of understanding between the three countries of Iran, Turkmenistan and Kazakhstan" and said that the MoU was concluded to increase rail input load to Turkmenistan and from there to Iran.
Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has underlined that Turkmenistan is of outstanding importance in the region and the Islamic Republic is keen on supporting tradesmen of both nations to expand bilateral exchanges.
Iran’s trade volume with the member states of the Economic Cooperation Organization (ECO) during the first seven months of the fiscal year (March 21 – October 22) posted a 48.5% growth in comparison to last year’s corresponding period, according to the spokesman of Iran Customs Administration (IRICA).