Iran, Turkey Ink Deals to Boost Scientific, Environmental Ties

High-ranking officials from Iran and Turkey inked two agreements in a bid to boost cooperation between the two neighboring countries in diverse fields, including science and technology as well as environment.

The documents were signed during a meeting in Ankara on Thursday attended by visiting Iranian First Vice-President Eshaq Jahangiri and Turkish Prime Minister Binali Yildirim.

The cooperation agreements include a deal between the Center for International Scientific Studies and Collaboration of Iran’s Ministry of Science, Research and Technology and the Scientific and Technological Research Council of Turkey.

A two-year action plan to implement the Memorandum of Understanding (MoU) between Iran and Turkey on environmental cooperation was the other document signed in the meeting.

Iran and Turkey have ramped up efforts to boost bilateral trade since the implementation of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France, and Germany).

The deal took effect in January 2016, terminating all nuclear-related sanctions on Iran.

In April last year, Iran and Turkey signed eight memorandums of understanding (MoUs) to strengthen bilateral cooperation in various areas.

The cooperation documents were signed in a ceremony in Ankara attended by the two countries’ presidents.

The documents covered a range of fields, including higher education, social security, plant maintenance services and standardization.

Iranian, Turkish Central Banks Ink Currency Swap Deal

During a meeting between visiting Iranian First Vice-President Eshaq Jahangiri and Turkish Prime Minister Binali Yildirim in Ankara, Seif and Cetinkaya signed the currency swap deal.

The two sides had agreed on the draft document of the deal during a meeting between the governors of the central banks of Iran and Turkey last week.

According to the agreement, the two countries have assigned a total credit line of 5 billion Turkish liras and its equivalent amount in the Iranian rials to the operating banks of the two countries, which will be used to open letters of credit for the merchants of the two countries with a one-year maturity.

Iran and Turkey have ramped up efforts to boost bilateral trade since the implementation of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

The deal took effect in January 2016, terminating all nuclear-related sanctions on Iran.

In April last year, Iran and Turkey signed eight memorandums of understanding (MoUs) to strengthen bilateral cooperation in various areas.

The cooperation documents were signed in a ceremony in Ankara attended by the two countries’ presidents.

The documents covered a range of fields, including higher education, social security, plant maintenance services and standardization.

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