Tehran, Ankara plan to triple trade

16 November 2024

Tehran, Ankara plan to triple trade turnover

19:41 12 August 2016 Read: 1030

Tehran, Ankara plan to triple trade turnover

Tehran and Ankara plan to bring the bilateral trade turnover up to $30 billion, said Turkey’s Foreign Minister Mevlut Cavusoglu.

Cavusoglu made the remarks Aug. 12 at a joint press conference with his Iranian counterpart Mohammad Javad Zarif in Ankara, TRT Haber news channel reports.

Turkey and Iran discussed a number of energy issues, including the discount for Iranian gas supplies to Turkey, said Cavusoglu.

He also informed about the expected visit of Turkey’s energy and natural resources minister to Iran.

Turkish minister noted that Iran is an important strategic partner for Turkey.

Trade turnover between Turkey and Iran amounted to $2.9 billion in 1Q 2016. The figure was $9.76 billion in 2015.

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