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                                        Volume. 11910

Tehran, Ankara ink preferential trade agreement
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Iran and Turkey signed a preferential trade agreement in Tehran on Wednesday, which could pave the way for a hike in the bilateral trade. Iranian First Vice President Es’haq Jahangiri (R) and Turkish Prime Minister Recep Tayyip Erdogan attended the signing ceremony.  (Tasnim / Mohammad Hassanzadeh)
Iran and Turkey signed a preferential trade agreement in Tehran on Wednesday, which could pave the way for a hike in the bilateral trade. Iranian First Vice President Es’haq Jahangiri (R) and Turkish Prime Minister Recep Tayyip Erdogan attended the signing ceremony. (Tasnim / Mohammad Hassanzadeh)
TEHRAN – Iran and Turkey signed a preferential trade agreement in Tehran on Wednesday, which could pave the way for a hike in the bilateral trade.
 
Iranian First Vice President Es’haq Jahangiri and Turkish Prime Minister Recep Tayyip Erdogan attended the signing ceremony.
 
On the sidelines of the ceremony, Erdogan said the goal is to boost trade between Iran and Turkey to $30 billion by 2015, stressing that the both sides have the political determination to reach that objective.
 
Erdogan arrived in Tehran late Tuesday on an official visit to hold talks with senior Iranian authorities on Tehran-Ankara ties, trade relations, and regional issues.
 
The Turkish minister further explained that Turkey’s industry is booming at a brisk pace, and emphasized his country’s growing need for Iran’s energy resources.
 
In December 2013, Turkish ambassador to Tehran said Iran and Turkey have set a long-term target of $100 billion for annual trade transactions.
 
The target was made during the latest visit of Turkish Foreign Minister Ahmet Davutoglu to Tehran in November 2013 to participate in the 21st Meeting of the Economic Cooperation Organization, said Umit Yardim.
 
During his visit, Davutoglu held meetings with Iranian President Hassan Rouhani and other senior officials, in which they outlined an expansive vision for Iran-Turkey trade ties, Yardim said.
 
The Iran-Turkey trade declined to $16 billion in 2013 from $22 billion in 2012.
 
The two countries have always stressed that their short-term annual trade target should be about $30-35 billion, the Turkish ambassador said.
 
He added that if the two countries set up a regional center of power together, they can further accelerate development. "They have the necessary components including large population, favorable geographical location, stable governments and generative cultures to achieve this purpose."
 
In November 2013, Turkish foreign minister said in Tehran that his country could become an energy corridor for its eastern oil- and gas-rich neighbor of Iran.
 
"Turkey's annual energy demand stands at 60 billion dollars. Turkey is a corridor country, Iran is a producer country. If we tap both potentials, Turkey could become the corridor of Iran as an energy provider," Davutoglu was quoted as saying.

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