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Iran-Turkey trade stands at $4B in first 11 months of 2005

Ankara, Jan 2, IRNA-Iran-Turkey Trade stood close to dlrs four billion during the first 11 months of the 2005, the Turkish state Statistics Institute reported in Ankara on Monday. The figure was 56.41 percent higher than the same period in 2004 which was dlrs 2.554 billion, it said.

According to the latest figure in November, the Turkish exports to Iran was 67.524 million and its imports stood at dlrs 395.758 million.

Also in the first 11 months of the 2005 Turkish exports stood at 820.045 million and its imports were dlrs 3.175 billion.

Turkey's exports and imports from Iran were 12.4 and 74.23 percent higher respectively in the first 11 months of 2005, the report added.

The total trade exchange was dlrs 3995.036 million in the period, the report said which considering the bilateral trade at the end of 2005 will exceed dlrs 4.5 billion in 2005.

It said Tehran-Ankara trade balance was in Iran's favor in the first nine months of 2005.

Turkey's exports to Iran stood at dlrs 69.246 million while its imports from the country reached dlrs 404.887 million only in September, said the Institute.

It added that Iran-Turkey trade exchanges showed more than 55.6 percent growth in the first nine months of 2005 to dlrs 3.080 billion compared to the match period in 2004.

Iran-Turkey exchanges climbed to dlrs 1.979 billion in the first nine months of 2004.

Meanwhile, Turkish Foreign Trade Advisor Khorshad Tosman said the Tehran, Ankara trade volume reached dlrs 2.8 billion in 2004 and forecasted that the figure will top dlrs four billion this year.

In a meeting with visiting Iranian Minister of Road and Transportation Mohammad Rahmati, he added that efforts to increase the trade should be on the agenda.

Turkey has the mutual trade volume's target at dlrs 10 billion in 2010.

He also reckoned that if the taxes are lowered to below 10 percent the target will be reached.

He further called for expansion of border trade exchange. Of the planned figure of dlrs 100 million for border trade for 2004 only dlrs 15 million was actually realized and hopefully the figure will be increased to dlrs 25 million this year.

Iran welcomes greater border trade with Turkey and currently there are no hurdles in increasing transportation volume in the 'Bazargan' border.

... Payvand News - 1/3/06 ... --

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