News ID: 233882
Published: 0410 GMT November 05, 2018

Deputy minister: Trade between Iran, Turkey not satisfactory

Deputy minister: Trade between Iran, Turkey not satisfactory

Transactions between Iran and Turkey is not at a satisfactory level, said an Iranian deputy foreign minister.

Gholamreza Ansari, the deputy foreign minister for economic affairs, who was addressing the 'Iran-Turkey Forum' in the northwestern city of Tabriz on Monday, however, noted that diplomatic ties between the two countries are good.

He said the two countries are required to expand economic cooperation given their long joint borders and remarkable capacities.

Ansari noted that Iran and Turkey are old friends, adding the two countries' common border has always been that of peace, friendship and tranquility, which prepare the ground for more effective collaboration.

Today, Iran and Turkey have helped revive reliable regional structures and bodies such as the Economic Cooperation Organization, he said.

He added Iran and Turkey are among the countries that can significantly benefit from transactions on both sides of Asia.

Commenting on the enormous economic and trade capacities of the two countries, Ansari said that both governments are seeking to further expand such capacities by removing structural and bureaucratic obstacles.

He added Iran and Turkey have, so far, played a significant role in bringing stability and peace to the region and the fighting terrorism, which can, in the future, contribute to their development.

"Setting up joint companies in war-torn regional countries to reconstruct them will prepare the ground for expanding economic cooperation between Iran and Turkey and the rebuilding war-torn states."

He said economic sanctions on Iran are the consequence of unilateral US decision, adding there are certain obstacles to boosting Tehran-Ankara trade which are neither related to nor stem from the sanctions.

He hoped that goods transportation between the two countries will be facilitated at border crossings as promised by Turkish officials.

Speaking at the same meeting, Süleyman Şensoy, the chair of Turkish Asian Center for Strategic Studies, said earlier transactions between the two sides had reached $22 billion but regretted that the figure has currently fallen to $10 billion.

Trade between the two sides is required to reach $30 billion, a target for which the ground is currently being prepared, he concluded.

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