Iran-Turkey ’07 trade volume exceeds $8b
Tehran Times Economic Desk

TEHRAN – The volume of trade between Iran and Turkey surpassed $8 billion in 2007, showing a 19.5 percent rise over the figure in 2006.

According to Press TV, the two countries’ trade in the first month of 2008 showed a 32.35 percent rise compared to January 2007, stood at above $700 million.

In 2007, Turkey has exported over $6.6 billion worth of products to Iran an increase of 17.5 percent over its previous year, while its imports from Iran stood at $541 million.

The remarkable increase in bilateral trade is a measure of the significant improvement in economic relations between the two countries in recent years.

The Turkish Petroleum Company (TPAO) voiced interest last month in investing in Iran's South Pars gas-field.

Turkey's Energy Minister, Himli Guler, also said in mid-February that the country planned to cooperate with Switzerland in the construction of a gas pipeline to transport Iran's natural gas to Italy

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