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Iran-Turkey trade turnover hit $10 billion

Business Materials 30 July 2011 13:57
The trade turnover between Iran and Turkey reached $10 billion, the Fars News Agency reported quoting member of Iran Chamber of Commerce Industries and Mines Reza Kamel as saying. The figure is expected to be brought to $30 billion.

Iran Azerbaijan, Baku, July 30 /Trend/

The trade turnover between Iran and Turkey reached $10 billion, the Fars News Agency reported quoting member of Iran Chamber of Commerce Industries and Mines Reza Kamel as saying. The figure is expected to be brought to $30 billion, he added.

"Given the two countries' capacities, the figure should reach $30 billion," he said.

Turkey's export to Iran reaches $3 billion and Iran's export to Turkey - $7 billion.

The bulk of Iran's export to Turkey- 85 percent fell to gas and oil export and the rest - non oil products.

However, Iran and Turkey still have tax obstacles to be resolved.

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