Iran’s Ambassador to Turkey has demanded that the bilateral economic transactions between Tehran and Ankara be increased to USD 20 billion in 2012. Bahman Hosseinpour was speaking at a Friday meeting with Turkish Minister of Development and head of the Iran-Turkey joint economic taskforce Cevdet Yilmaz in the Turkish capital of Ankara. During the meeting, the two sides held further discussions over the recent Tehran-Ankara agreements signed during the visit by Turkish Prime Minister Recep Tayyip Erdogan to Iran in late March. During the two-day visit, Erdogan headed a high-ranking politico-economic delegation of Turkish officials. Yilmaz, for his part, underscored the need for using the existing potentials for the further enhancement of the Iran-Turkey economic relations and implementing the mutual agreements. The value of the Iran-Turkey trade exceeded USD 16 billion in 2011. The two countries plan to increase the level of their bilateral trade volume to USD 30 billion by 2015.