Tehran-Ankara trade exchanges target $10b milestone next year: Minister
Iran’s industry, mining and trade minister emphasized in a meeting with his Turkish counterpart on Wednesday the necessity of removing obstacles to the development of economic cooperation between Tehran and Ankara, announcing a $2 billion increase in the volume of trade exchanges that would bring the total trade volume between the two sides to $10 billion next year.
Mohammad Atabak, who traveled to Turkey to participate in the ECO Trade Ministers' meeting, made the announcement in his meeting with Omer Bolat as the two discussed trade relations between Iran and Turkey.
Atabak called Turkey one of the most important trade partners of the Islamic Republic of Iran and emphasized the necessity of increasing trade between the two countries.
“Trade between Turkey and Iran has the potential for a big leap, and we hope to achieve this great goal by removing some minor obstacles,” he said.
Bolat, for his part, referred to a five percent increase in the volume of trade between Turkey and Iran in the current year and added, “We have now reached a trade volume of $8 billion between the two countries, and we aim for $10 billion next year.”
Based on the historical background and neighborliness of the two countries, Turkey is ready to develop trade relations with Iran, he stressed.
The two ministers also discussed some bilateral trade issues between the two countries, and understandings were reached in this regard.