Iran is seeking to set up independent payment systems with Muslim countries to avoid sanctions that hamper regional and international trade.
Turkish state energy company Botas has had talks with the National Iranian Gas Company (NIGC) for long-term gas imports from Iran.
President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh has urged the need for Iran and Turkey to focus on joint investments alongside promotion of bilateral trade.
Iran and Turkey have exchanged as much as $4.125 billion worth of non-oil goods during the first four months of the current Iranian calendar year (March 20-July 21), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).
A recent report by the Turkish Statistical Institute (TURKSTAT) suggests that Iran’s trade exchanges with Turkey reached $2.3 billion over the first five months of 2024.
A report by the statistical office of the European Union (Eurostat) suggests that Turkey has imported oil from Iran for the first time in four years.
Iran and Turkey have exchanged as much as $1.75 billion worth of goods in the first four months of 2024, according to a report by the Turkish Statistical Institute (TurkStat).
Energy officials from Iran and Turkey stressed the need to operationalize the electricity exchange between the two neighbors as soon as possible to promote bilateral ties in the relevant field.
Iran and Turkey have exchanged as much as $930 million worth of goods in January and February, according to a report by the Turkish Statistical Institute.
The chief executive of the Maku Free Zone Organization said Iran and Turkey are mulling the launch of a joint free trade-industrial zone.