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Turkey Seeks to Scale up Trade with Iran to USD 30 bln

Source: www.export-egypt.com 4/16/2016, Location: Asia

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Turkey's President Recep Tayyip Erdogan said on Saturday that his country seeks to increase its trade with Iran to the level of US 30 billion. Speaking at a joint press conference with his Iranian counterpart Hassan Rouhani, following the third meeting of the joint Turkish-Iranian council, Erdogan said "the trade level between the two countries has scaled back in recent years, from USD 22 billion to USD 10 billion as a result of the economic sanctions against Iran."

He further said that the Iranian side expressed willingness to scale up trade between the two countries and to encourage both countries' business communities to invest in each other's country and to undertake joint ventures. Erdogan noted that he discussed with Rouhani a number of issues of bilateral concern covering commercial, military, economic, political, and cultural fields in addition to matters concerning transportation and tariffs.

The Turkish president added that he reviewed with his guest issues "regarding conflicts in Iraq, Syria, and Yemen." He said he emphasized to Rouhani Turkey's keenness to solve regional points of contention through peaceful means and away from any sectarian considerations. Underlining the notion that "the Turkish and Iranian economies complete each other within an integral whole," president Rouhani expressed hope for stronger ties between the two countries, now that a nuclear agreement has been reached with the West and sanctions have been lifted off Iran's shoulders.

Rouhani urged Turkish banks to open branches in Iran and asked for improvement in land, air, and sea transportation between the two countries, adding that Iran is willing to provide Turkey with energy, gas, and petrochemical products.

He said that the two countries see eye-to-eye on numerous issues and that they "do not accept dividing up any country," stressing the need to fight terrorism, stop armed struggle and killing in the region, and to present to the world a luminous image of Muslims to counter the rising tide of Islamophobia in the West. President Rohani arrived in Ankara , coming from Istanbul where he headed his country's delegation to the two-day 13th Islamic Summit Conference of the OIC.

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