Iran, Turkey currently conducting tariff-free trade: official

March 10, 2009

HAMEDAN – The exchange of commodities between Iran and Turkey is currently conducted without tariffs, said Mohammad-Kazem Maleki, the Iranian commercial attaché in Turkey.

He added that Iran exports 500 types of products to Turkey, including agricultural and industrial goods, the Mehr News Agency reported on Monday.
Iran and Turkey have set the target of $20 billion in annual trade by 2011, while the annual value of trade between the two countries hit $10 billion in 2008.
Iran exports some $8 billion of goods, including oil and gas products, to Turkey and imports nearly $2 billion worth of products per annum