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Iran, Turkey should boost trade balance to $30 billion

Staff writer |
Chairman of Iran-Turkey joint Chamber Reza Athar called for the further expansion of bilateral ties, and underlined that the two countries should increase their trade balance to $30 billion in the near future.

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Addressing a meeting of economic activists in the city of Qazvin, Athar said commercial relations and transactions between Iran and Turkey will increase considerably. This year, he added, volume of bilateral trade has reached $15 billion while it stood at about $23 billion in 2011, pointing to the sanctions as the main impediments on growing the figure.

Athar stressed that the volume of bilateral trade should reach $30 billion in the near future.

Iran and Turkey have been pursuing increasing widening of their ties in various fields in the last two decades. Iran is a main energy supplier to Turkey and Ankara has made huge investments in Iran.

Iran is a main destination of Turkish goods and Turkey is among the top destinations of Iranian tourists and traders. The two states plan to multiply their trade transactions in the next few years.

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