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).
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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.
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