Iran must be Turkey ’s trade partner, not rival

Business Materials 3 March 2015 16:25 (UTC +04:00)

Baku, Azerbaijan, Mar. 3

By Fatih Karimov - Trend: Iran should be Turkey 's trade partner, not its rival.

Yahya Al Eshaq, chairman of Tehran 's chamber of commerce, said Iran should take advantage of Turkey's capacities in commercial areas, Iran 's Fars news agency reported on March 3.

Instead of being each other's rival, the two countries should become partners aiming to grab a regional 500-million-people market, he added.

" Iraq could be an advantageous market for Iran and Turkey over the next 10-15 years. We could form a consortium with Iraq and Turkey in this respect."

According to official data released by the Turkish Statistical Institute trade volume between Turkey and Iran was at its highest in 2012 with $9.9 billion exports and $12 billion imports. But, after 2012, trade between the two countries showed a downward trend because of the Syrian conflict in the region.

In 2013, exports to Iran were $4.2 billion and imports $10.4 billion.

Edited by CN