Iran, Turkey set $30 billion trade goal despite hurdles

Iran and Turkey should expand their trade volume to $30 billion, the president of Iran Chamber of Commerce said on Sunday, citing close ties and significant opportunities for industrial and commercial cooperation between the two neighbors.

11 May 2026
ID : 76443
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Iran and Turkey should expand their trade volume to $30 billion, the president of Iran Chamber of Commerce said on Sunday, citing close ties and significant opportunities for industrial and commercial cooperation between the two neighbors.

President of Iran Chamber of Commerce Samad Hassanzadeh (right) and Turkish Ambassador to Iran Hicabi Kirlangiç meet in Tehran on May 10, 2026.

Iran and Turkey should expand their trade volume to $30 billion, the president of Iran Chamber of Commerce said on Sunday, citing close ties and significant opportunities for industrial and commercial cooperation between the two neighbors.

Speaking at a meeting with Turkish Ambassador Hicabi Kirlangiç, Samad Hassanzadeh condemned the recent US-Israeli military aggression against Iran, saying the attacks had caused extensive damage not only to the country and the region but also to the global economy.

Hassanzadeh pointed to logistical challenges in the Strait of Hormuz, noting that Turkey could serve as a suitable transit route.

However, he added that problems remain at the Bazargan border crossing and called for greater customs cooperation. “Iran is ready to transfer 500 trucks per day through customs, but Turkey only permits the passage of 200 trucks,” he said.

Hassanzadeh also highlighted the potential for joint cooperation in petrochemicals, food industries – particularly greenhouse products – as well as pharmaceuticals and medical equipment.

He called on the Turkish government to provide more support, especially in money transfers, and urged Turkish banks to facilitate the opening of accounts for Iranian traders and provide special access facilities.

Ambassador Kirlangiç said US and Israeli attacks on Iran were illegal and a clear violation of international law, expressing hope that negotiations would yield good results in Iran’s interest.

He added that bilateral trade had previously reached $22 billion before sanctions were imposed on Iran. “Therefore, reaching the target of $30 billion in trade between the two countries is not difficult,” he said.

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