Tehran to host Iran-Turkey joint economic commission meeting
Baku, Azerbaijan, March 12
By Rahim Zamanov - Trend:
The next meeting of Iran-Turkey joint economic commission will be held in Tehran next month, Iran's Minister of Communication and Information Technology Mahmoud Vaezi said, IRNA reported on March 12.
He made the remarks at a meeting with Undersecretary of Ministry of Foreign Affairs of Turkey Feridun Sinirlioğlu.
"The Iranian government is determined to increase its bilateral trades with Turkey in different fields including economy, energy, tourism, and culture," Vaezi said.
He added that the two countries intend to increase the trade volume to $30 billion by 2015.
Sinirlioğlu said that his country will welcome expanding ties with Iran.
He mentioned that Turkish Prime Minister Recep Tayyip Erdogan has officially invited Iranian President Hassan Rouhani to visit Ankara.
"Iranian president's visit to Turkey will provide a good opportunity to implement previous agreements as well as to sign new deals," Sinirlioğlu said.
Iran and Turkey signed four memorandums of understanding (MoU) on mutual cooperation in Tehran on Jan. 29, Iran`s IRINN TV reported.
Turkey imported 180,000 barrels of oil per day from Iran in 2011, however, the figure was decreased to 105,000 barrels per day in 2013 due to U.S.-led sanctions again Iran's oil and gas sector.
According to IRNA, the two countries' trade turnover stood at $13.5 billion in 2013. Iran's oil and gas exports accounted for $7.6 billion of the mentioned amount, while Turkey's exports to Iran were a little more than $4 billion.
Iran and Turkey aim to increase their bilateral trade to $100 billion in nine years.
The Iran-Turkey trade was around 22 billion dollars in 2012.
The two countries have always stressed that their short-term annual trade target should be about 30-35 billion dollars.