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Turkey seeks to finalize preferential trade agreement with Iran

20 November 2012 [18:21] - TODAY.AZ
Turkish Development Minister Cevdet Yilmaz has stated that his country is making efforts to finalize a preferential trade agreement with Iran as soon as possible, IRNA reported.

In a meeting with Iranian economic, political and cultural officials in Turkey, he said Turkey wants free trade and investment with Iran.

He put bilateral trade during the first 9 months of 2012 at around $18 billion, adding that the two sides plan to reach $30 billion annually.

On June 1, delegations from Iran and Turkey made progress in finalizing the details of a preferential trade agreement between the two countries.

Iran's delegation during the negotiations was led by Deputy Commerce Minister for Economic Affairs, Hamid Safdel.

The three-day discussions of the delegations covered a list of agricultural and industrial goods which the two countries want to import from each other.

Ankara will continue the talks in Tehran in the near future. Then, the final agreement and a list of goods will be reconsidered for Turkish and Iranian Ministers of Economy and Industry to sign it.


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