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| Iranian traders allowed $100m tax-exempted exports to Turkey |
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 TEHRAN – Iranian traders are allowed to annually export up to $100 million worth of goods to Turkey without paying any taxes, Director General of the Asia and Oceania Trade Office at the Trade Promotion Organization of Iran, Amir Talebi, said here on Friday.The measure is in line with a memorandum of understanding which was signed in the 7th meeting of Iran-Turkey joint committee on border trades, Mehr news agency reported. The value of trade between Iran and Turkey is expected to surpass 15 billion dollars this year, Iran’s Ambassador to Ankara Bahman Hosseinpour said last week. Hosseinpour added that the value of trade ties between the two neighbors reached about 11 billion dollars in 2010 from seven billion dollars in 2008, Press TV reported. He further noted that the Tehran-Ankara trade volume increased by 74 percent in the first quarter of the current year compared with the same period last year. According to a report released by Turkish Statistical Institute in April, the trade volume between Iran and Turkey surpassed $2.144 billion in the first two months of 2011, showing a 70 percent growth. Iran-Turkey trade has surged in recent years, reaching $11 billion in 2010 compared with $1 billion in 2000. Last year, Turkish Prime Minister Recep Tayyip Erdogan said that Ankara is seeking to triple trade volume 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.
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