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Iran discloses volume of trade turnover with Turkey

Business Materials 13 November 2018 20:10 (UTC +04:00)

Baku, Azerbaijan, Nov. 13

By Elnur Baghishov – Trend:

Trade turnover between Iran and Turkey is projected to reach $12 billion by the end of this Iranian year (started March 21, 2018), Co-Chair of the Iran-Turkey Joint Chamber of Commerce Reza Kami told reporters.

He said that the trade turnover of the two countries over the past six months has reached $8 billion, IRNA reported.

Kami added that more than 50 percent of export of Iran's goods accounts for Turkey.

In 2012, the trade turnover between Iran and Turkey reached about $22 billion during the period of sanctions and $11 billion after the implementation of the Joint Comprehensive Plan of Action, he said.

Kami said that Turkey has invested mainly in the Iranian provinces of East Azerbaijan and West Azerbaijan.

He emphasized the importance of expanding relations between Iran’s and Turkey's private sectors.

Turkish companies are eager to invest in Iran, mainly in East Azerbaijan and West Azerbaijan, he said.

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