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Rouhani, business delegation in Ankara to boost Iran-Turkey trade

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Iranian President Hassan Rouhani, seven cabinet ministers, and a 90-member trade delegation from the Iranian private sector arrived in the Turkish capital Ankara on Monday. 

The Iranian trade delegation will discuss ways to boost bilateral economic relations during their three-day visit.
The delegation is comprised of senior managers of the textile, telecommunications, carpet, food, pharmaceutical, transportation, shipping, mining, petrochemical, steel, construction, agriculture, and tourism industries, according to the IRNA news agency.
Iranian Chamber of Commerce, Industries, and Mines Chairman Gholam-Hossein Shafei is the head of the delegation.
Rouhani and the rest of his team, which includes the Iranian ministers of foreign affairs, oil, finance and economic affairs, the interior, culture and Islamic guidance, telecommunications, and transport and urban development, as well as the governor of the Central Bank of Iran, will only be staying in Ankara for two days.
The value of trade between Iran and Turkey jumped sharply in 2013 compared to the decade ending in 2012.
Turkey was the 6th leading trading partner of Iran in the previous Iranian calendar year, which ended on March 20, 2014, according to the Iranian Customs Administration.
Annual non-oil trade between Iran and Turkey amounted to $5.286 billion in the previous Iranian calendar year. Turkey exported $3.646 billion of non-oil goods to Iran and imported $1.64 billion of non-oil goods from the country in Iranian year 1392 (March 2013-March 2014). 
On April 15, Tehran and Ankara set an annual trade target of $30 billion at the 24th meeting of the Iran-Turkey Joint Economic Commission, which was held in Tehran.
In January, Iran and Turkey signed a preferential trade agreement, with the goal of boosting bilateral trade. The agreement was signed during Turkish Prime Minister Recep Tayyip Erdogan’s visit to Iran.
Tehran, Ankara sign 10 agreements 
Ten cooperation agreements were signed on Monday in the presence of Iranian President Hassan Rouhani and Turkish President Abdullah Gul.
The agreements were on tourism, joint ventures, customs cooperation, and a number of other issues.
Iran is seeking a bigger share in Turkey’s energy market, the Iranian ambassador to Turkey, Alireza Bigdeli, said on May 16, adding that oil and gas exports to Turkey could be boosted if the sanctions imposed on the country were eased.
Interest in Iran as a destination for business is growing ahead of this month’s international talks, which are being held to resolve the deadlock over Iran’s nuclear program.
If the discussions between the six major powers and Iran progress smoothly, it is expected that the sanctions imposed on the country will be eased and commercial routes will be revived.
Article Credit: Tehrantimes

Updated 5 Years ago

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Tags:     Hassan Rouhani     Turkey Trade