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Iran Hails Turkey as 4th Trade Partner

Service : Economy
TEHRAN, April 28 (ICANA) – Iran has hailed its expanding economic relations with Turkey, stressing the Islamic Republic's willingness to boost ties with the neighboring Muslim nation.
Thursday, April 28, 2011 9:23:38 AM
Iran Hails Turkey as 4th Trade Partner

“We are very pleased that Turkey has replaced Britain as Iran's fourth economic partner,” Iranian Minister of Economic and Financial Affairs Seyyed Shamseddin Hosseini told visiting Turkish State Minister Hayati Yazici on Wednesday.

Hosseini called for further promotion of trade between the neighbors and added that, “obstacles in the way of trade between the two nations in the fields of imports, exports and customs should be removed.”

The Iranian official said that both countries agree to expand their bilateral economic cooperation and expect the value of trade between the countries would hit 30 billion dollars.

Yazici, for his turn, praised the current level of Tehran-Ankara relations and called for accelerated implementation of agreements signed between the countries.

Tehran and Ankara officially inaugurated a new border crossing between Iran's West Azarbaijan province and Turkey's Van province on April 16.

Turkey's Ambassador to Tehran Umit Yardim also said Iran and Turkey plan to establish a joint industrial town at their borders to further boost widening economic ties.

The Turkish envoy to Tehran also noted that the two neighboring states are making efforts to expand their trade volume to $15 billion by the end of 2011.

Iranian President Mahmoud Ahmadinejad, during a meeting with his Turkish counterpart Abdullah Gul in February, said the neighboring states were determined to boost the value of their annual trade ties to $30 billion in a five-year period.

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