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Iran to increase exports to Turkey

Business Materials 16 August 2019 12:11 (UTC +04:00)

Tehran, Iran, Aug.16

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Iran seeks to increase its exports to Turkey and to use preferential tariff in trades with neighbor countries, said the head of Iran’s Trade Promotion Organization (TPO).

"Iran should sign new contracts and agreements, move towards using preferential tariffs and increase its influence in the region," said Mohammad Reza Moudoudi, Trend reports citing ISNA.

"Some of the neighbor countries like Turkey are the best options for Iran. Despite criticism, the agreement that was signed years ago between Turkey and Iran, will bring positive results," he noted. "The volume of Turkey's exports to Iran in past three years increased by $200 million, but it would not continue without the new contract."

He went on to say: "Our exports to Turkey have increased, and the goods imported by Iran from Turkey were mostly raw materials and basic goods. By removing or changing tariffs Iran will expand its presence in Turkey's market," he noted.

"The world trade statistics indicate that share of Iranian goods in the regional market comprises only 3 percent. To secure the exports of Iranian goods, we should use all the tools and the best option is using the capacity of neighbor country's market," he added.

The latest trade statistics Iran show that Turkey, Iraq and China are the main trade partners of the Iran.

Iran's trade balance with most of the neighbor countries were positive with export volume prevailing over the imports.

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