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Tehran, Ankara pen business agreement

Business Materials 8 April 2015 21:11 (UTC +04:00)
Iran and Turkey have signed a Memorandum of Understanding (MoU) on Small and Medium-sized Enterprises (SMEs).
Tehran, Ankara pen business agreement

Iran and Turkey have signed a Memorandum of Understanding (MoU) on Small and Medium-sized Enterprises (SMEs), Press TV reported.

The agreement was signed between Iran's Small Industries & Industrial Parks Organization and Turkey's Small and Medium Enterprises Development Organization (KOSGEB) on the sidelines of a visit by Turkish President Recep Tayyib Erdogan to Iran on Tuesday.

Speaking to reporters in the course of the signing ceremony, Iran's Deputy Minister of Industries and Mines Seyyed Mohammad-Ali Seyyed Abrishami said the two countries' presidents had plans to more than double the volume of bilateral trade from the current USD13 billion to 30 billion in 2015, Mehr news agency quoted him as saying.

Seyyed Abrishami, who is the chair of the Iranian SME, added that Iran welcomes Turkish Business Development Services (BDS) and advisers in the country to participate in its industrial towns and other relevant areas.

Meanwhile, Turkey has already expressed willingness to buy more natural gas from Iran, should Tehran lower the price.

Iran's President Hassan Rouhani and his Turkish counterpart Recep Tayyip Erdogan agreed to boost trade and signed a raft of agreements at a meeting in Tehran on Tuesday.

The Turkish leader also noted that the two neighbors had better start trading in their own currencies instead of dollars or euros to avoid foreign exchange volatility, reports say.

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