News Column

Minister: Tehran, Ankara to Boost Trade Balance to $30bln by 2015

June 9, 2014

TEHRAN (FNA)- Iranian Minister of Communications and Information Technology Mahmoud Vaezi announced that Tehran and Ankara will considerably increase their trade balance by next year.

"Iran and Turkey will boost their trade exchanges to USD 30 billion by 2015," Vaezi said on Monday. Meantime, the Iranian minister of communications and information technology underlined the need for cooperation between the two states' economic, technological and industrial sectors to achieve the important goal of the 30-billion-dollar trade balance. "Concurrent with Iranian President Hassan Rouhani's visit to Turkey, around 10 cooperation pacts will be signed between the two countries," Vaezi said. Iran and Turkey have in recent years increased their cooperation in all the various fields of economy, security, trade, education, energy and culture. The two sides have exchanged several politico-economic delegations during the last few months. Turkish Prime Minister Recep Tayyip Erdogan and a high-ranking political-economic delegation visited Tehran in January. During the visit, Erdogan underlined his country's enthusiasm for starting a new chapter in the relations with Tehran, and said Turkey is in dire need of Iran's energy resources. "We import oil and natural gas from Iran and those are strategic products that Turkey imports from Iran and we can receive them more (than before)," Erdogan told reporters in Tehran after inking several documents on cooperation with Iran. "Given the fact that Turkey's industries are making progress on a daily basis and rapidly, we direly need energy products, specially Iran's natural gas, and we should take joint win-win steps," he added. Erdogan also called for the further expansion of bilateral economic ties with Tehran, and said there is a political resolve in Iran and Turkey to increase the level of their trade exchanges to $30bln in 2015.        

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: FARS News Agency

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters