The Iranian minister of roads and urban development expressed the country’s readiness to compile and finalize a comprehensive document on transportation and transit with neighboring Turkey.
The Turkish Statistical Institute (TURKSTAT) put the total value of the trade exchanges between Iran and Turkey in the first 11 months of 2023 at $5 billion.
Senior Iranian and Turkish foreign ministry officials have stressed the need for the two neighboring countries to expand bilateral exchanges to an annual $30 billion.
The trade exchanges between Iran and Turkey in the first 10 months of 2023 reached $4.4 billion, showing a 16 percent decline compared to the same period of last year.
The chief executive of the Railways of the Islamic Republic of Iran (RAI) said Tehran and Ankara have targeted transporting one million tons of cargo via rail network between the two countries in the next Iranian calendar year (to start March 20, 2024).
Trade exchanges between Iran and Turkey has reached as much as $3.5 billion in the first eight months of 2023, according to a latest update by the Turkish Statistical Institute (TURKSTAT).
In a meeting between an Iranian trade delegation from the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) with the deputy head of the Istanbul Chamber of Commerce (ICOC), the two sides called for improving mutual cooperation.
The Turkish Statistical Institute (TURKSTAT) in its latest report put the trade exchanges between Iran and Turkey in the first seven months of 2023 at more than $3 billion.
Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has urged the necessity for increasing the volume of bilateral trade to $30 billion, a figure agreed upon by the senior officials of the two countries.
Iran’s Ambassador to Ankara Mohammad Hassan Habibzadeh has termed the northwestern Iranian neighbor Turkiye as the country’s third biggest trade partner, accounting for 24% of Iran’s trade exchanges.