Iran and Turkey plan to triple two-way annual trade to $30 billion by 2015, officials of the neighboring states said Monday ahead of a visit by Turkish President Abdullah Gul to the Islamic republic.
Iran
and
Turkey
plan
to triple two-way annual trade to $30 billion by 2015, officials of the
neighboring states said Monday ahead of a visit by Turkish President Abdullah
Gul to the Islamic republic.
"Without doubt, the signing of mutual agreements can achieve the objective
of the leaders of both countries to increase the level of trade to $30
billion," said
Iran
's
Commerce Minister Mehdi Ghazanfari at a meeting with Turkish Planning Minister
Jodat Yilmaz, state news agency IRNA reported.
Yilmaz agreed saying the "leaders of both the countries have set a clear
target for future trade."
"This goal is easily achievable given the current capacity," he said,
while Iranian Foreign Minister Ali Akbar Salehi said the target was "not
out of reach over five years."
Ghazanfari and Yilmaz also hoped that a tariff pact would be signed during
Gul's visit next week.
Annual trade between the two countries has already risen from $1 billion to $11
billion over the past decade.
Iran
and
Turkey
, with
a combined population of 150 million, have increasingly grown closer, with
Ankara
emerging as a key ally of
Tehran
in
its delicate nuclear negotiations.
Iran
currently exports between 15 to 18 million cubic meters (5.29 trillion cubic
feet to 7.06 trillion cubic feet) of gas to
Turkey
.
In July, it signed a EUR1 billion($1.35 billion) contract with a Turkish
company to build a 660-kilometer (400-mile) pipeline to export 60 million cubic
meters of gas daily within three years to
Turkey
and
Europe
.
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