Turkey, Iran to Triple Mutual Trade to $30b

Turkey, Iran to Triple Mutual Trade to $30b

Turkish Customs and Trade Minister, Bülent Tüfenkçi,  said that Turkey aims to triple trade with Iran to $30b as quickly as possible after the lifting of economic sanctions made banking transactions with the country easier, Directorate General of Press and Information, Office of the Prime Minister (BYEGM) informed.

In mid-April, Iranian President, Hassan Rouhani, expressed readiness to ensure Turkey’s energy security and satisfy its demand for oil and gas.

Earlier in June, Iran has signed several foreign cooperation agreements in trade and economy, the Turkish solar plant deal being the biggest investment after the lift of sanctions. The $4.2b solar plant agreement is for Turkey to build seven natural gas power plants in  seven separate regions of the Islamic Republic, with a capacity of 6,020 MW.


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