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Iran, Turkey boosting trade relations despite US sanctions - official

Business Materials 30 October 2018 10:37 (UTC +04:00)

Tehran, Iran, Oct.30

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The close cultural and social trade relations between Iran and Turkey are not affected by the political developments, Chairman of Iran and Turkey Joint Chamber of Commerce Reza Kami told Trend.

"The political authorities of the two countries are working to deepen the relationship. The visit of the Turkish political leaders to Iran and the weekly exchange of the trade delegations show the will of the two countries to deepen the relationships," he said.

"The withdrawal of the United States from JCPOA has not been able to have a particular impact on the private-sector business relations," he continued. "If we have witnessed a decline in the volume of exchanges in some areas, it is due to foreign exchange policies of the Iranian government."

“For example, the volume of the clothes imports have declined, so the famous Turkish brands have started to open branches in Iran,” he explained.

“Recep Tayyip Erdogan had previously mentioned that Turkey prefers to follow its own interests and the decision of another country cannot affect the relations between Tehran and Ankara,” Kami said.

“Those remarks have led the private sector of the two countries to calmly continue their activities.”

The most important coordination that has taken place between the Iranian and Turkish businessmen was the use of joint capacities for regional and trans-regional exports, he said.

“Iran experienced the highest volume of trade with Turkey during the previous sanctions,” the official said.

Iran's export to Turkey stood at $ 7.5 billion despite the political problems, and we are expected to reach a new record in 2018, he said.

"Most of our exports are oil, energy, petrochemical products and colored metals," said Kami.

Referring to the impact of Iran`s potential joining to FATF, he said that Iran never had any problems in the banking and financial relations with Turkey, with or without FATF.

“However, the world is ultimately a supporter of transparency, and I think we should welcome such memberships, so that in future there would be no excuse for enemies,” he said.

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