Iran to establish border terminal near Turkey

Business Materials 19 September 2014 12:24 (UTC +04:00)

Baku, Azerbaijan, Sept.19
By Fatih Karimov - Trend: Iran's Transport and Urban Development Ministry will establish a border terminal in the city of Salmas, bordering Turkey.

Iranian deputy transport minister Davood Keshavarzian said the border terminal will be established by the end of the current year, Iran's IRNA news agency reported on Sept. 19.

The Iranian calendar year began on March 21.

Iranian Ambassador to Ankara Alireza Bigdeli said in April that Iran and Turkey have set a target of nearly $16 billion in the volume of their bilateral trade transactions during the current Iranian calendar year, Press TV reported.

Iran and Turkey have signed a preferential trade agreement which could pave the way for a hike in the bilateral trade. The agreement was signed during Turkish Prime Minister Recep Tayyip Erdogan's visit to Tehran in January. At the time, Erdogan said the goal is to boost trade between the two neighbors to $30 billion by 2015.