Turkish Forum

Tag: Trade with Iran

  • Iran-Turkey trade can reach $100bn per year: Iran envoy

    Iran-Turkey trade can reach $100bn per year: Iran envoy

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    Iran’s Ambassador to Turkey Bahman Hosseinpour

    Mon Jan 14, 2013 11:5AM GMT

    Iran’s Ambassador to Turkey Bahman Hosseinpour says the volume of trade transactions between Tehran and Ankara can reach as high as USD 100 billion per year.

    Explaining the upward trend in the bilateral trade between Iran and Turkey over the past years, Hosseinpour said the many capacities of the two countries can be further explored to boost the trade transactions to USD 100 billion per year.

    “For the first time, the value of trade between Iran and Turkey will exceed USD 21 billion this [Iranian calendar] year (started March 20, 2012),” Hosseinpour said on Monday.

    The value of the Iran-Turkey trade surpassed USD 16 billion in 2011. The two countries plan to increase the level of their bilateral trade volume to USD 30 billion by 2015.

    Commenting on the US-led sanctions against Iran, Hosseinpour said, “There is no doubt that Western governments, particularly the US, are exerting pressure on Turkey to decrease its trade ties with Iran and these pressures are continuing.”

    He added, however, that “despite the West’s and the US’s pressure on Turkey, we have succeeded to come up with ways to increase the [bilateral] trade volume.”

    The illegal US-engineered sanctions have been imposed on Iran based on the unfounded allegation that the Islamic Republic is pursuing non-civilian objectives in its nuclear energy program.

    Iran rejects the allegation, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Agency (IAEA), it has the right to use nuclear technology for peaceful purposes.

    YH/HMV/HJL

    via PressTV – Iran-Turkey trade can reach $100bn per year: Iran envoy.

  • Iran-Turkey trade rises 40%, tops $20.8b

    Iran-Turkey trade rises 40%, tops $20.8b

    TEHRAN – The value of trade between Iran and Turkey surpassed $20.8 billion in the first 11 months of 2012, which was a rise of 40 percent compared to the same period in 2011.

    c_330_235_16777215_0___images_stories_edim_04_00(4)Turkey’s exports to Iran amounted to $7 billion in the aforementioned period, mainly due to exports of gold to Iran, IRNA reported, citing data released recently by the Turkish Statistical Institute.

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

    On December 11, 2012, Iran’s ambassador to Turkey said the value of trade between Tehran and Ankara could potentially increase fivefold to as high as $100 billion a year.

    Ambassador Bahman Hosseinpour added that ample investment opportunities await Turkish investors in Iran.

    Bilateral trade exceeded $16 billion in 2011, and the two countries plan to increase the volume of their bilateral trade to $30 billion by 2015.

    via Iran-Turkey trade rises 40%, tops $20.8b – Tehran Times.

  • Iran-Turkey trade hits $20 billion in 10 months

    Iran-Turkey trade hits $20 billion in 10 months

    Iran-Turkey trade hits $20 billion in 10 months

    Economic Desk

    The value of trade exchanges between Iran and Turkey has reached to 20 billion dollars in the first ten months of 2012, IRNA news agency reported on Saturday.

    The value of bilateral trade between the two neighbors has increased more than 45 percent in comparison to the same period of last year.

    Turkey has exported more than 9.3 billion dollars worth of goods to Iran in the first ten months of 2012, while it imported around 10.5 billion dollars from the Islamic Republic in the mentioned period.

    Iran and Turkey have sharply increased the level of their trade ties over the past years. In 2000, the level of bilateral trade stood at only around USD one billion, but in 2010, it exceeded USD 10 billion. The figure hit USD 16 billion last year.

    The two sides seek to raise the value of their bilateral trade to USD 30 billion by 2015.

    Iranian First Vice President Mohammad-Reza Rahimi has announced recently that the speed of trade exchanges between Iran and Turkey has accelerated and will soon reach the targeted goal of 30 billion dollars per year.

    Earlier this month, Turkish Deputy Prime Minister Ali Babacan confirmed that Iran was selling natural gas to Turkey for payment in Turkish Liras in Turkey that were later converted into gold before brought to their homeland.

    via Iran-Turkey trade hits $20 billion in 10 months – Tehran Times.

  • Turkey to raise trade exchange with Iran to 35 dlrs billion

    Turkey to raise trade exchange with Iran to 35 dlrs billion

    Turkey to raise trade exchange with Iran to 35 dlrs billion

    Ankara, May 23, IRNA – Turkish Minister of Development Cevdet Yilmaz called his visit to Tehran ‘constructive’ and urged the raise of trade exchanges between the two countries to the amount of 35 dlrs billion per year.

    1391/03/03 – 00:33

    T80147049 2589832He made the remarks in an interview with Anadolu News Agency.

    “The volume of trade exchange between Iran and Turkey exceeded 16 dlrs billion in 2011 and the two countries have the capacity to increase the volume of their trade exchange to 35 dlrs billion per year by 2015,” Yilmaz added.

    Turkish Minister of Development, heading a large delegation of Turkish businessmen and industrialists and economic activists had a visit to Iran on Monday and Tuesday and had meetings with Iranian President Mahmoud Ahmadinejad, Iran’s Foreign Minister Ali Akbar Salehi, Iranian Vice President for International Affairs Ali Saeedlou as well as some Iranian economic activists.

    President Ahmadinejad, in a meeting with visiting Turkish Minister of Development said the two countries should use opportunities to deepen their brotherly ties.

    Iran and Turkey cooperate in a wide variety of fields that range from fighting terrorism, drug trafficking, and promoting stability in Iraq and Central Asia.

    Iran and Turkey also have very close trade and economic relations. Both countries are part of the Economic Cooperation Organization (ECO). Turkey receives many Iranian tourists each year and economically benefits from Iranian tourism.

    Turkey is one of the advocates of Iran’s peaceful nuclear program in the international community. In May 2010, Turkish Prime Minister Recep Tayyip Erdogan made an trip to Tehran in coordination with Brazilian President Lula da Silva to make an agreement to outsource Iranian uranium enrichment to his country to avoid further sanctions on Iran. Turkey has been also host to two rounds of Iran and G5+1 talks.

    via Turkey to raise trade exchange with Iran to 35 dlrs billion.

  • Turkey, Iran Agree To Raise Bilateral Trade To $30 Billion

    Turkey, Iran Agree To Raise Bilateral Trade To $30 Billion

    (RTTNews) – Turkey seeks to double bilateral trade with neighboring Iran to $30 billion by 2015, a move aimed at strengthening ties with the Islamic Republic despite the new round of Western sanctions against Tehran over its nuclear defiance.

    “Iran and Turkey’s relations saw a 70 percent rise in 2011 and I hope that new steps will be taken within the framework of the Joint Commission to help increase the trade volume to $30 billion in 2015,” Turkey’s Environment and Urban Planning Minister Erdogan Bayraktar told a joint economic meeting held in capital Ankara on Thursday.

    To achieve the goal, the two countries at a two-day Joint Economic Cooperation Commission signed a Memorandum of Understanding covering areas such as transportation, energy and industry, Turkish media reported.

    Foreign Minister Ali Akbar Salehi, who led the Iranian delegation at the Commission meeting, said to achieve the $30 billion goal, Iran and Turkey needed to facilitate financial affairs and transactions and implement agreements reached at the Joint Commission.

    A NATO ally, Turkey is raising the trade target at a time when the United States ratcheted up pressure on Iran with fresh round of sanctions, and the European Union (EU) expected to support an oil embargo and a freeze on the assets of Iran’s central bank.

    Turkey has pledged not to comply with the new U.S. sanctions targeting the Iranian oil industry and its financial institutions, saying Ankara is only bound by U.N. sanctions.

    via Turkey, Iran Agree To Raise Bilateral Trade To $30 Billion.

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  • Iran, Turkey Trade to Reach $15 Billion in 2011, Press TV Says

    Iran, Turkey Trade to Reach $15 Billion in 2011, Press TV Says

    Trade between Iran and its western neighbor Turkey will reach $15 billion this year, the state-run Press TV news channel reported, citing Bahman Hosseinpour, Iran’s ambassador to Turkey.

    The value of goods and services traded between the two countries totaled $10.6 billion during the first eight months of 2011, Hosseinpour said in the report published yesterday.

    To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

    To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

    via Iran, Turkey Trade to Reach $15 Billion in 2011, Press TV Says – Bloomberg.