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Iran, Turkey to Increase Trade Exchanges up to $30bn

Service : Economy
TEHRAN, July 22 (ICANA) – Turkish Minister of Development Cevdet Yilmaz stressed on Thursday that the two neighboring countries of Iran and Turkey are determined to boost their trade exchanges to $30bln in the near future.
Friday, July 22, 2011 1:38:11 PM
Iran, Turkey to Increase Trade Exchanges up to $30bn

Yilmaz made the remarks in a meeting with Iran's Ambassador to Ankara Bahman Hosseinpour in which the two sides underlined the developments of bilateral relations between the two countries.

During the meeting, the Iranian envoy announced that bilateral trade exchanges stood at $6.3 billion during the first five months of 2011, indicating an 80 percent boost as compared to the corresponding period last year.

Hosseinpour further hoped that the figure would exceed $15 billion by the end of the year.

For his part, the Turkish minister said it would be possible for the two sides to increase their bilateral trade exchanges to $30 billion in the near future.

He underlined the need for preparing the ground for further expansion of Tehran-Ankara bilateral cooperation in all areas.

Iran and Turkey have in recent years increased their cooperation in all the various fields of economy, security, trade, education, energy and culture.

The two sides have exchanged several politico-economic delegations during the last few months.

Turkish President Abdullah Gul in a meeting with Iranian Parliament Speaker Ali Larijani earlier in February underlined the need for the removal of obstacles to the further expansion of bilateral economic ties with Iran in a bid to boost trade cooperation between the two countries.

"The level of economic and trade cooperation between the two countries is not appropriate for the age-old ties of the two nations and we should remove the obstacles to the development of mutual cooperation between Iran and Turkey," Gul said at the time.

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