Envoy: Iran-Turkey trade ceiling set at $16bn


Iranˈs Ambassador to Ankara Ali-Reza Bigdeli said on Monday that the Iran-Turkey trade ceiling is set at about $16 billion for the current Iranian calendar year of 1393 (starting on March 21).



Bigdeli told reporters that the trade volume stood at $1.2 billion in the first three months of 2014 based on the available monthly reports.

He said the figure is expected to reach $20 billion once a preferential trade agreement is signed and enforced by Iran and Turkey.

He added that the Iranian government plans to enter into talks with the Turkish party to set up a border terminal in the region.


Islamic Republic News Agency
Emad Askarieh has worked as a journalist since 2002. The main focus of his work is foreign policy and world diplomacy. He started his career at Iran Front Page Media Group, and is currently serving as the World Editor and the Vice-President for Executive Affairs at the Iran Front Page (IFP) news website.


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