Iran-Turkey trade possible to reach $30b despite U.S. sanctions

TEHRAN- During the 27th meeting of Iran-Turkey Joint Economic Committee, which was held in Ankara from September 16 to 18, the two sides investigated different ways of reaching the targeted $30-billion bilateral trade and reiterated that reaching this figure is possible despite the pressures of the U.S. sanctions.

Exports from Iran to Turkey stands at $2.8b in 7 months

TEHRAN- The value of Iran’s export to its neighbor Turkey stood at $2.8 billion during the first seven months of 2019, ILNA reported citing a report released by Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA).

Iran, Turkey form preferential trade agreement committee

TEHRAN – Senior officials from Iran and Turkey’s economic sectors met on Tuesday as a committee to follow up on the preferential trade agreement reached between the two countries.

CBI governor calls for expansion of banking ties with Turkey

TEHRAN – The Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati said on Friday that without proper banking relations between Iran and Turkey, reaching their $30 billion goal of bilateral trade would be impossible.

By Mahnaz Abdi

Major leap in Iran’s trade with Turkey

While the U.S. unilateral sanctions against Iran have created some limitations for trade with the Western partners which led the Islamic Republic to expand economic and trade ties with its neighbors and boost non-oil exports to them, trade with the northwestern neighbor, Turkey, is growing significantly.

Iran exports $2.5b of commodities to Turkey during January-May

TEHRAN- According to the data released by Turkish Statistical Institute, the country imported $2.57 billion of goods from Iran during January-May of this year, which shows 25 percent drop from $3.435 billion in the same period of time in 2018.

‘Turkey’s trade center in Iran completely active despite U.S. sanctions’

TEHRAN – Head of Iran-Turkey Joint Chamber of Commerce said Turkey’s trade center in Tehran is completely active and the trade is going smoothly between the two countries.

‘Tehran, Ankara working on mechanism to bypass U.S. sanctions’

TEHRAN- Iran and Turkey are working on a financial mechanism channel to bypass the U.S. unilateral sanctions, Iran’s Ambassador to Turkey Mohammad Farazmand announced.

Turkey wants removal of barriers in trade with Iran: Turkish envoy

TEHRAN- Turkish ambassador to Iran said his country wants the barriers in the way of trade with Iran to be removed, IRNA reported.

Iran, Turkey ink MOU on transportation co-op

TEHRAN – Iran and Turkey signed a memorandum of understanding for expanding transportation cooperation, IRIB reported.

Turkey defies U.S. demand for cutting ties with Iran

TEHRAN - Turkey is in cooperation with Iran working on a mechanism to keep the trade between the two sides afloat amid increasing U.S. pressures on Iran’s trade partners to cut ties, Bloomberg reported.

Iran-Turkey trade at $8.2b in 10 months

TEHRAN- According to the latest data released by Turkish Statistical Institute, the trade between Iran and Turkey in the first 10 months of 2018 stood at $8.252 billion, Tasnim news agency reported.

Iran-Turkey trade exceeds $4.5b in 5 months

TEHRAN – The value of trade between Iran and its neighbor Turkey has reached $4.575 billion during the first five months of 2018, registering a three percent rise compared to the same period last year.