POST Online Media Lite Edition



 

Iran-Turkey trade value hit $13.5 billion

Staff writer |
The volume of trade transactions between Iran and Turkey hit $13.5 billion in the first 11 months of 2013.

Article continues below






Iran exported more than $9 billion to Turkey in the said period whereas Iran accounted for 4.2 percent of Turkey's imports and 2.4 percent of that country's exports, according to Iran's (IRNA) News Agency.

The international relations experts pointed to Iranian Foreign Minister Mohammad Javad Zarif's visit to Ankara and his meetings with Turkish Prime Minister Recep Tayyip Erdogan and Foreign Minister Ahmet Davutoglu, and said, "The Iranian and Turkish foreign ministers have agreed to increase the volume of their trade to $50 billion in a mid-term period."

These experts assessed the signing of trade preferences agreement in the upcoming meeting of the two countries high-ranking officials meetings an important step to move towards free trade between Iran and Turkey.


What to read next

Iran, Turkey should boost trade balance to $30 billion
Turkey calls for cooperation with Iran in petrochem industry
Turkey wants to triple trade with Iran ASAP