Volume. 12230

Turkey sets target of $35b in trade with Iran for 2015: economy minister
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c_330_235_16777215_0___images_stories_edim_01_mg1(4).jpgTEHRAN – Turkey wants to raise its trade with Iran to $35 billion in 2015, Turkish Economy Minister Nihat Zeybekci said on Saturday.
The two countries have a great potential for increasing bilateral trade, IRNA quoted Zeybekci as saying.
Trade between Iran and Turkey jumped sharply in 2013 compared to the decade ending in 2012.
Turkey’s exports to Iran amounted to $4 billion in 2013, a sharp rise from the $800 million in exports in the entire decade from 2003 to 2012, Murat Akyüz, the chairman of the Turkish Exporters Assembly, said in Tehran on May 16.
He added that Turkey’s imports from Iran soared to $10 billion in 2013 from a total of $1.9 billion in the previous decade.
Turkey was the 6th leading importer of Iranian non-oil goods and the 5th leading exporter to Iran in the previous Iranian calendar year, which ended on March 20, 2014, according to the Iranian Customs Administration.
Annual non-oil trade between Iran and Turkey amounted to $5.286 billion in the previous Iranian calendar year. Turkey exported $3.646 billion of non-oil goods to Iran and imported $1.64 billion of non-oil goods from the country in Iranian year 1392 (March 2013-March 2014). 
In January, Iran and Turkey signed a preferential trade agreement, with the goal of boosting bilateral trade. The agreement was signed during Turkish Prime Minister Recep Tayyip Erdogan’s visit to Iran.

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