Iran, Turkey Aim to Triple Trade to $30 Billion
Iran and Turkey say they are planning to triple their bilateral trade to $30
billion in the next five years. The two sides reached the agreement at their
22nd annual joint economic meeting Sunday in Tehran.
Media reports quote Iranian Foreign Minister Ali Akbar Salehi as saying the
agreement shows Turkey is committed to bolstering ties with Iran. He also said
he believes the goal of tens of billions of dollars more in trade during the
next five years is realistic.
Turkish State Minister Cevdet Yilmaz noted that trade between his country and
Iran has risen from $1 billion to $10.7 billion in the past decade. Much of that
comes from the shipment of natural gas from Iran to Turkey, Turkey provides
construction expertise and materials to Iran.
During the economic meeting, the neighboring countries also discussed
cooperation on a range of other issues, including transportation, industry and
Ties between Iran and Turkey have grown in recent months with Ankara, along with
Brazil, endorsing a nuclear fuel deal for Iran last May. Last October, Iran and
Turkey signed agreements covering trade, agriculture, education, banking and
Turkey also has called for diplomacy to resolve controversy over Iran's nuclear
program. It hosted the latest talks between Iran and six world powers last
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