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Turkey to open new trade gate with Iran

Business Materials 17 October 2011 11:43 (UTC +04:00)
Turkish Customs and Trade Minister Hayati Yazici says the country plans to open new border gates with Iran, Iraq, and Georgia
Turkey to open new trade gate with Iran

Turkish Customs and Trade Minister Hayati Yazici says the country plans to open new border gates with Iran, Iraq, and Georgia, reported Press TV .

Yazici said on Sunday in Ankara that the project had already gone underway since the volume of Turkey's foreign trade had witnessed a considerable growth and the available gates could not meet the demands.

The Turkish official noted that the gate with the Islamic Republic would be set up at Dilucu region -- in the eastern Turkey province of Igdir -- on the common border with Iranian province of West Azarbaijan.

The portal is expected to open up in 2013 as the fourth crossing between the two countries.

Turkish and Iranian officials are planning a joint field visit soon to decide on the exact location of the crossing, Yazici stated.

He added that the value of Iran-Turkey trade had surpassed USD 11 billion over the past eight years. Iranian and Turkish officials have repeatedly voiced determination to enhance the volume to USD 30 billion in the coming years.

Yazici added that Ankara also planned to open four such gates with Georgia and another four with Iraq.

The official noted that the past eight years had also seen a five-fold rise in the amount Turkey's trade with Georgia, while taking the volume of bilateral trade with Iraq to USD 8 billion.

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