Tag: Trade with Iran

Turkey has legitimate trade ties with Iran and foreign factors should not inhibit the development of relations, Yilmaz told IRNA on Thursday ahead of his three-day visit to Iran at the head of an economic delegation.

Pointing to the unilateral Western sanctions imposed on Iran over its nuclear energy program, the Turkish minister said that Turkey abides only by the UN Security Council ratifications.

Iran is a neighbor of Turkey and Ankara follows legitimate trade ties with Iran, which is by no means in violation of the international law, he stressed.

The United States, Israel and some of their allies have repeatedly accused Iran of pursuing non-civilian objectives in its nuclear energy program. Over the false allegation, Washington and the European Union have imposed a series of illegal unilateral sanctions against the Islamic Republic. The bans come on top of four rounds of US-instigated UN Security Council sanctions against Iran under the same pretext.

Iran refutes the allegation over its nuclear energy program and argues that as a signatory to the Nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it is entitled to develop nuclear technology for peaceful purposes.

Yilmaz went on to say that Iran and Turkey hold favorable ties and seek to increase the volume of trade transactions to USD 35 billion from the current level of USD 22 billion.

He described investments as an instrumental factor in the consolidation of economic ties between the two countries and added that Ankara welcomes investments made by Iranian companies in Turkey.

The Turkish minister said his country supports the expansion of cooperation with Iran in all areas, in particular in the energy sector and holds a positive view toward the transfer of Iran’s gas to Europe via Turkey.

Turkey is in dire need of energy and also located on a strategic corridor for the transfer of energy, Yilmaz stressed.

AR/HMV

Millet İran’a Yaptırımlara başlıyor, Türkiye ticaretini arttırma görüşmelerinde. Yaptırımlar bize 30 milyara maloldu’nun altyapısını hazırlıyorlar anlaşılan!

Iran, Turkey Discuss Enhancement of Cultural Ties TEHRAN (FNA)- Iranian Cultural Attaché in Ankara Abulhassan Khalaj Monfared and Turkish Deputy Culture and Tourism Minister Abdelrahman Ariji in a meeting in Ankara discussed expansion of bilateral ties, specially in cultural fields.

During the meeting in the Turkish capital on Friday, Monfared and Ariji underlined the necessity for bolstering and reinvigorating cultural ties between Iran and Turkey. The two sides also called for holding the second meeting of the joint cultural relations committee in the near future. The Turkish side said that it will inform the Iranian side of the appropriate date for holding the meeting in future. Last month, Tehran’s Envoy to Ankara Alireza Bigdeli lauded the close ties between Iran and Turkey, and stressed that the relations between the two neighboring countries are moving in the right direction. Bigdeli said that he will do his utmost to develop and deepen mutual ties between the two countries. He further stressed that “he hopes to be able to accelerate the move to increase trade exchange volume” between the two countries. Iran and Turkey have recently expanded their bilateral relations, especially in trade and energy fields. Trade between Turkey and Iran has risen sharply over the past decade. Also, Turkey was Iran’s fifth-largest oil customer in 2011, buying around 200,000 barrels per day, 30 percent of its total imports and more than 7 percent of Iran’s oil exports. The two countries officials stressed the necessity for stronger relations and pursuing the planned increase of mutual trade to $30bln by 2015.

TEHRAN – Iranian and Turkish private sectors can help streamline the bilateral trade through removing the problem of money transferring between the two countries, IRNA quoted Iranian deputy trade minister Hamid Safdel as saying.

In an interview with the Turkish newspaper Dunya, he referred to the current level of bilateral trade, which stands at $20 billion, as insignificant, and added that a preferential trade agreement will be signed in the current year between the two neighbors.

He pointed to the establishment of 2,300 Iranian companies in Turkey, and said, “The visit by about two million Iranian tourists to Turkey is also a good sign of tourism cooperation between Iran and Turkey, but it cannot be said that in spite of this potential, the tourism between the two countries is assessed as quite satisfactory.”

On January 1, IRNA cited data by Turkey’s statistics center, indicating that the value of trade between Iran and Turkey surpassed $20.8 billion in the first 11 months of 2012, showing around 40 percent rise compared to the same period in 2011.

Turkey’s exports to Iran amounted to $7 billion in the mentioned period, mainly due to the exports of gold to Iran.

Oil, gas, and petrochemicals account for a lion’s share of Iran’s exports to Turkey.

On December 11, 2012, Iran’s Ambassador to Turkey Bahman Hosseinpour said the trade volume between Tehran and Ankara can potentially increase fivefold to as high as $100 billion a year.

The Iranian ambassador added that ample investment opportunities await Turkish investors in Iran.

via Iran, Turkey can streamline bilateral trade through private sectors: official – Tehran Times.