Int’l trade to rise with new terminal on Turkish border
Iran will launch a new terminal on its border with Turkey within days, with the aim of increasing international trade via its territory.
Iran’s Road Maintenance & Transportation Organization (RMTO) said in a statement on Saturday that the Razi Border Terminal will be officially inaugurated in a ceremony attended by senior government officials, according to Tasnim news agency.
The terminal will also boost bilateral trade between Iran and Turkey amid measures taken by the two countries to meet a $30 billion target in their annual trade.
Iran started construction of the three-story Razi Border Terminal in 2019 and has thus far spent about $25 million on this project.
RMTO figures indicated that, with the launch of the new terminal at the Razi border crossing point, the time needed to process passengers traveling via the border between Iran and Turkey would drop from an average of three hours to 15 minutes.
The crossing is near Qotur, a border area located some 70 kilometers from Khoy, the second-largest city in Iran’s West Azerbaijan province.