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Iran Favors Development of Ties with Turkey: MP

Service : Economy
TEHRAN, April 12 (ICANA) – Chairman of Majlis National Security and Foreign Policy Commission Alaeddin Boroujerdi said on Tuesday Iran is willing to develop its ties with Turkey in all fields.
Tuesday, April 12, 2011 10:44:18 PM
Iran Favors Development of Ties with Turkey: MP

In a meeting with the Turkish Ambassador to Iran Umit Yardim, he said that the two countries enjoy numerous capacities for further development of bilateral relations.

Boroujerdi, MP from Tehran constituency, noted that parliamentary cooperation between the two nations will help bolster ties.

Yardim, for his part, said that recent developments in the region require regular consultations between the officials of the two countries.

Recalling the growing trend of Iran-Turkey trade, the ambassador said that economic exchanges are expected to reach $15 billion in the current year.

The trade volume between Iran and Turkey has reportedly increased by more than 70 percent, surpassing $2.144 billion in the first two months of 2011.

According to a report released by Turkish Statistical Institute, the volume of trade between the two neighboring states reached $963.559 million in February, showing 43.65 percent increase compared with the same period in the previous year.

Turkey exported $575.324 million of goods to Iran and imported $984.638 million of Iranian products including oil and gas in February.

Turkey-Iran trade has surged in recent years, reaching $10 billion in the past year, compared with $1 billion in 2,000.

Last year, Turkish Prime Minister Recep Tayyip Erdogan said that Ankara is seeking to triple trade volumes with Iran over the next five years.

Erdogan added that Tehran and Ankara were near signing a "preferential trade agreement" that could see trade volumes swell to $30 billion in the period.

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