Iran, Turkey ’s trade policy based on win-win situation

Business Materials 3 March 2015 16:57 (UTC +04:00)

Baku, Azerbaijan, Mar. 3

By Khalid Kazimov - Trend:
Iran's Deputy Minister of Industry, Mining, and Trade, Mojtaba Khosrowtaj said Iran and Turkey seek a win-win situation in their mutual trade, Iran 's IRNA news agency reported March 3.

Speaking in a session with Iranian and Turk tradesmen to investigate mutual trade opportunities, Khosrowtaj expressed dissatisfaction with the current level of trade between the two countries.

In the first 11 months of the current Iranian fiscal year (starting Mar. 21) Iran exported over $1.7 million non-oil goods to Turkey, he said, adding that in the meantime, Iran imported worth $2 billion goods from Turkey. Iran-Turkey's trade volume, including technical and engineering services, hit $5 billion.

Managing Director of the Trade Education Center of Iran's Ministry of Industry, Mining, and Trade Abbas Khaleghi Tabar said Feb. 14 that of Turkey 's annual $250 billion import, Iran shares less than 5 percent.

" Iran 's export to turkey stands at $11.5 billion a year. Of that, less than $2 billion goes as non-oil products. Since turkey's export to Iran is $3.5, we can take measures to make our non-oil export to Turkey equal our import from that country," he said.

Iran and Turkey have been pursuing increasing widening of their ties in various fields in the last two decades. Iran is a main energy supplier to Turkey and Ankara has made huge investments in Iran. .
Iran is a main destination of Turkish goods and Turkey is among the top destinations of Iranian tourists and traders.

Edited by CN