Turkey, Iran to create joint free trade zone

Business Materials 12 December 2013 11:20 (UTC +04:00)

Baku, Azerbaijan, Dec.12

By Rufiz Hafizoglu - Trend:

Turkey and Iran will create a joint free trade zone, Turkish Deputy Economic Minister Ibrahim Shenel said, Sabah newspaper reported on Dec.12.

Currently the two countries are working on a project to create a free trade zone, according to the deputy minister.

Turkey and Iran can create a free economic zone, Turkey's Minister of Development Cevdet Yilmaz said earlier.

Ankara and Tehran have good relations in all spheres, but the economic one lags behind the others, according to the minister.

"Relations in the economic sphere between Turkey and Iran are below the two countries' potential," the minister said.

Translated by L.Z.

Edited by S.M.