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Iran’s commerce with Turkmenistan in the course of the first half of the yr has already surpassed the whole lot of bilateral commerce final yr.
Iranian Ambassador to Turkmenistan Gholam Abbas Arbab Khales advised the official Islamic Republic Information Company yesterday that commerce between the 2 nations in the course of the first six months of 2022 amounted to $233 million. By comparability, commerce throughout all of 2021 amounted to $227 million.
Why it issues: Iran is in search of higher financial relations with Turkmenistan as a part of a normal pivot towards neighboring states and Central Asia. Iran’s commerce with its neighboring states, together with Turkmenistan, rose significantly final yr.
With regard to Turkmenistan itself, Turkmen President Serdar Berdimuhamedow visited Tehran in June, which coincided with the 2 nations signing a number of cooperation agreements. Final week, Iranian and Turkish officers additionally met to debate strengthening agricultural cooperation.
Iran can also be targeted on bettering its financial ties to Kazakhstan. In June, the 2 nations unveiled a railway community. Kazakhstan borders Turkmenistan to the north, and each nations had been a part of the Soviet Union.
US sanctions hinder the Islamic Republic’s efforts to search out extra commerce companions, as many entities don’t need to run afoul of US sanctions.
Know extra: Turkmenistan can also be contemplating a fuel take care of Turkey. The association might cut back Europe’s dependence on Russian fuel.
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