Turkish Development Minister Cevdet Yılmaz and Iranian Minister of Economic Affairs and Finance Ali Tayebnia discussed ways of raising bilateral trade to 30 billion dollars, IRNA reported.
Speaking to IRNA on the sidelines of the ministerial meeting of the Organization of Islamic Cooperation in Istanbul, Yilmaz said that the meeting with his Iranian counterpart was useful and that the two neighboring countries are ready to increase their trade and economic ties.
'Current annual bilateral trade is at 14 billion dollars and which set the target of 30 billion dollars,' he added.
The Turkish official said removal of sanctions against Iran will prepare the ground for expansion of cooperation.
Tayebnia told IRNA that he was hopeful about expansion of relations between Iran and Turkey as political and economic relations have increased in recent years.
'With lifting of sanctions and limitations imposed from abroad,' he added, 'the ground will be set for further development of bilateral ties.'
Tayebnia said he reviewed with the Turkish minister the steps to raise the trade to 30 billion dollars in a faster and more effective way.