News ID: 137764
Published: 0609 GMT March 04, 2016

Turkey's top business organization visits Iran

Turkey's top business organization visits Iran

Turkey's largest business organization visited Iran to boost economic and trade ties with the neighboring country in the post-sanctions era.

A delegation from the Union of Chambers and Commodity Exchanges of Turkey's (TOBB), chaired by Rifat Hisarcıklıoglu, described Iran as Turkey's 'natural trade partner', according to Hürriyet Daily.

"Iran is both our neighbor and natural trade partner. We can boost our economic, trade and investment relations with our Iranian counterparts. We have seen this potential and held a series of key meetings to realize this potential," said Hisarcıklıoglu in a written statement on Thursday.

He noted that it is 'almost impossible' to find a vacancy in Iran's hotels as the country has been receiving hundred of business delegations from many countries, including Italy and Austria.

Foreign business delegations have flocked to Tehran since the United States, the European Union and the United Nations lifted international sanctions in January after reaching a deal to modify Iran's nuclear program. A number of global companies have already signed business deals with the Iran, which had been closed for years.

The International Monetary Fund expects Iran's economy to expand 4.3 percent this year, with growth at or above 4 percent in the next two years. It also sees Iran's imports expanding 18 percent this year, 14 percent next year and 7 percent the year after.

TOBB Secretary General Mustafa Saraçöz, Economic Policy Research Foundation of Turkey (TEPAV) Managing Director Güven Sak, and a number of foreign economic relations experts met Iranian President Hassan Rouhani's chief of staff, Mohammad Nahavandian, Iran Chamber of Commerce, Industry, Mining and Agriculture (ICCIMA) Chairman Mohsen Jalalpour, and members of the ICCIMA board on Wednesday.

"We talked about the required steps to strengthen the private sector in Iran. We discussed what to do to boost ties bilaterally as well as with third parties together," said Hisarcıklıoglu, adding that a strategic partnership can be established between TOBB and ICCIMA.

"We want to prepare a roadmap. In this vein, another delegation headed by TOBB board member Memiş Kütükçü will visit Tehran this week to create a business plan," he added.

   
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