Iran, Turkey discuss ways to streamline trade
High ranking officials from Iran and Turkey met in Erzurum on Wednesday to review the existing economic cooperation obstacles and find ways to streamline bilateral trade.
Iran's ambassador to Ankara Bahman Hosseinpour, Erzurum Governor Sami Bulut, and Erzurum Chamber of Commerce Chairman Lutfi Yücelik, as well as a number of businessmen from the two sides attended the meeting, IRNA reported.
Mr. Yücelik referred to the reduction of import tariffs by Iran and facilitation of customs formalities as the viable solutions to boost the two-way trade.
Turkey and Iran have increased their financial cooperation, especially in the energy sector, significantly over the past few years. With Turkey's ever growing energy needs and Iran constantly seeking new markets for its most important export, the two countries have managed to increase bilateral trade despite political pressures.