Iran-Turkey trade volume tops $11bn
The value of trade between Iran and Turkey has surpassed 11 billion dollars in the past year, says the Turkish ambassador to Tehran.
Umit Yardim noted on Wednesday that the two neighboring states are trying to increase their trade volume to $15 billion by the end of 2011, IRNA reported.
Yardim also said that Tehran and Ankara plan to bring the number to $30 billion within the next five years "by using their regional capacities."Meanwhile, the trade volume between Iran and Turkey also jumped by more than 70 percent in the first two months of 2011 to surpass $2.144 billion.
According to the Turkish Statistical Institute, the volume of trade between the two countries reached $963.559 million in February, showing 43.65 percent increase compared with the same period in the previous year.Turkey exported $575.324 million worth of goods to Iran and its imports from Iran, including oil and gas, hit $984.638 million in February.
Last year, Turkish Prime Minister Recep Tayyip Erdogan said that Ankara is seeking to triple trade volumes with Iran over the next five years.
Erdogan added that Tehran and Ankara were near signing a "preferential trade agreement" that could see trade volumes swell to $30 billion in the period.