Turkey's PM tells businessmen to boost Iran trade
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Turkey wants to triple its trade volume with Iran within five years, Turkey's prime minister told businessmen on Thursday, at a time when sanctions are scaring off Western investors from the Islamic Republic. Prime Minister Tayyip Erdogan and Iranian First Vice President Mohammad Reza Rahimi oversaw the meeting which brought together over a hundred businessmen, including Turkish investors eager to buy into Iran's mostly government-owned textile, machinery and automotive industries.
"Our bilateral trade ties have reached $10 billion. When we take away the barriers to trade between ourselves, when we complete our preferential trade agreement we can reach a bilateral trade volume of $30 billion in five years," Erdogan told the businessmen from Turkey and Iran. (Reuters)
