Arab Today, arab today turkey iran keen to boost wideranging economic ties
Last Updated : GMT 18:28:16
Arab Today, arab today
Arab Today, arab today

Turkey, Iran keen to boost wide-ranging economic ties

Arab Today, arab today

Arab Today, arab today Turkey, Iran keen to boost wide-ranging economic ties

Recep Tayyip Erdogan and Hassan Rouhani
Ankara - XINHUA

Leaders of Turkey and Iran have agreed to promote trade, investment and business ties while jointly addressing terror and sectarian conflicts in their region.

"Unfortunately, relations between Turkey and Iran have backslided in recent years," Turkish President Recep Tayyip Erdogan said during a joint news conference with his visiting Iranian counterpart Hassan Rouhani, in Ankara on Saturday.

He lamented that the trade volume, once made a peak to about 22 billion U.S. dollars, has come down to 10 billion U.S. dollars.

The trade volume between the two countries posted a record figure of 21.9 billion U.S. dollars in 2012, but steadily declined to 9.8 billion U.S. dollars in 2015, a drop of 55 percent in three years.

In January-February period this year, the latest available data from Turkish government's statistical agency, the trade volume dropped further to 1.3 billion U.S. dollars from 1.9 billion U.S. dollars in the same period last year.

Iranian President Rouhani blamed western and international sanctions on his country for the decline in its trade volume, saying that Tehran is keen to boost economic ties with its neighbor Turkey now that sanctions are over.

He called on Turkish banks to open branches in Tehran to further promote trade and business. He also underlined that the two countries have agreed to improve customs to eliminate trade hindrances.

Rouhani's official visit was part of the third meeting of the intergovernmental conference, dubbed under the name of High-Level Cooperation Council, which was set up in January 2014 to recover the lost trade and improve business ties.

The second such meeting was held in Tehran on April 2015.

Arif Keskin, an expert on Iran, said Rouhani considers closer economic ties with Turkey will help improve Iranian economy and the status of Iranian people.

Turkey also needs new markets for its exports, as there has been decline across the board in its traditional export markets.

Turkey's Economy Minister Mustafa Elitas said that both countries aim to boost trade volume to 30 billion dollars in the future.

"We are determined to walk together on this path to make that happen," he vowed.

Turkish Customs and Trade Minister Bulent Tufenkci also noted that the modernization of existing customs gates between the two countries will be realized in short period of time, increasing the two way traffic capacity.

In a joint communique issued after the intergovernmental conference, it was stated that both sides agreed to remove hindrances on trade, cooperate on energy, improve customs, encourage investment, tourism, educational and cultural exchanges.

Turkey and Iran have further reaffirmed in the communique that they wish to see more cooperation on energy, especially by encouraging the private sector to develop joint projects.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkey iran keen to boost wideranging economic ties Arab Today, arab today turkey iran keen to boost wideranging economic ties

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Egyptian tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Egyptian tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday