Baku, Azerbaijan, Apr.16
By Fatih Karimov - Trend:
Iran and Turkey have agreed to establish a border industrial estate in order to expand and facilitate bilateral trade.
The 24th joint economic committee meeting of Iran and Turkey opened in Tehran on April 15, Iran's IRNA news agency reported.
Iranian telecommunications minister Mahmoud Vaezi and Turkish development minister Cevdet Yilmaz co-chaired the meeting.
The two sides announced that they are planning to increase annual trade to $30 billion. They are also expected to sign an agreement aimed to facilitate bilateral cooperation in the fields of customs, energy, agriculture, environment protection, and transportation.
Cevdet Yilmaz said that Iran is the 10th importer of goods from Turkey and is the 6th biggest exporter of goods to Turkey.
He added that 1.3 million tourists visited Turkey in 2013, while just 260,000 Turkish tourists traveled to Iran.
Yilmaz arrived in Tehran on Monday at the head of a 100-member delegation of Turkish tradesmen and investors.
This is the first time that a high-ranking Turkish trade delegation paid an official visit to Iran after Tehran and Ankara signed a "preferential trade agreement" in late January in Tehran during Prime Minister Tayyip Erdogan's trip.
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