Tehran, Iran, May 3
By Mehdi Sepahvand - Trend:
Head of the Iran-Turkey's Joint Trade Council Jalal Ebrahimi announced that a monetary agreement between Iran and Turkey which had been discussed during sessions with the two countries' presidents and trade delegations is being implemented.
In the meeting, two approaches were proposed, according to Ebrahimi. One was to conduct goods-for-goods trade, and the other was to use the two countries' national currencies.
Ebrahimi said that through the agreement, trade between Iran and Turkey is expected to be performed more easily.
He said that the central banks of both countries support the plan with credential and executive measures.
Turkish President Recep Tayyip Erdogan paid a short-term visit to Tehran on Apr.7. Turkish delegation included the country's Foreign Minister Mevlut Cavusoglu, Economy Minister Nihat Zeybekci, Minister of Customs and Trade Nurettin Canikli, Minister of Energy and Natural Resources Taner Yildiz and other government members.
Reportedly, during the visit of Turkish president to Iran, the sides signed a total of eight intergovernmental agreements.
During a press conference then, Erdogan said that the trade turnover between the two countries does not exceed $14 billion, dismissing it as unsatisfactory.
Mehdi Sepahvand is Trend Agency's journalist in Iran, follow him on Twitter: @mehdisepahvand