News ID: 202805
Published: 1016 GMT October 21, 2017

Iran, Turkey look forward to $30b trade exchange

Iran, Turkey look forward to $30b trade exchange

Iranian first vice-president said that Tehran and Ankara have targeted the $30 billion goal in their trade exchange, it was reported on Saturday.

The two countries will soon reach the figure in their trade exchange as it has already been planned, Es’haq Jahangiri said in a meeting held in Turkey on Friday evening with the country's President Recep Erdogan, IRNA reported.

In the meeting which was held on the sidelines of the Developing-8 (D8) Summit held in Turkey's northwestern city of Istanbul on Friday, Jahangiri described Iran and Turkey as two great regional countries enjoying considerable capacities which can be used for strengthening bilateral relations.

“Using the two countries' national currencies in trading, following up round-the-clock work at the border stations, activating the private sectors more and facilitating banking and commerce cooperation can help the two sides achieve their economic goals,” Jahangiri stressed.

He added that Iran and Turkey will hold a meeting of the joint economic commission in the near future to follow up their economic goals.

“Iran is ready to supply energy for Turkey,” said Jahangiri, expressing Iran's readiness to increase its oil and gas exports to its neighboring country.

Talking of the regional issues, the Iranian official said both Tehran and Ankara pursue preservation of countries' territorial integrity, strengthening regional peace and security, pursuing policy of no change in geographical borders and fighting terrorism.

For his part, the Turkish president said that his country is strongly determined to reach the $30 billion trade exchange between the two countries.

In the area of oil, he noted that his country is willing to buy more oil from Iran.

On the regional questions, Erdogan said that Ankara and Tehran have the same viewpoints about the events happening in both world and region.

He further called terrorism as a global problem against which all world countries should fight.

D8 Summit in Istanbul ended with Erdogan's speech on Friday and later D8 Organization and Islamic Development Bank signed a MoU.

The D8 Organization for Economic Cooperation is an organization for development cooperation among Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.

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