Iran and Turkey are expected to reopen their joint land border to travelers as of next week after a long interval, according to a senior transportation official.
Turkey was Iran’s biggest export destination in the current Iranian year’s sixth month (Aug. 23-Sept. 22) with 5.84 million tons worth $1.2 billion of shipment.
Iran and Turkey registered $2.83 billion in bilateral trade during the first eight months of 2021, 74.09% higher than the same period of last year, latest data by Turkish Statistical Institute say.
Iran and Turkey are negotiating to revise a major trade deal signed six years ago as the neighbors seek to offset trade losses suffered in recent years because of the US sanctions on Iran and the spread of coronavirus pandemic.
The value of trade between Iran and Turkey has amounted to $6.856 billion over the past calendar year, down by nearly 32 percent compared to the year to March 2020.
Iran has started negotiations with Turkey to extend the existing gas deal for another period, deputy petroleum minister for international and commercial affairs announced on Monday.
Iran and Turkey have signed three documents to expand transnational rail services linking them to Pakistan, Afghanistan and China, an official says.
Iran’s national flag carrier, Iran Air, has resumed once-weekly roundtrip Tehran-Ankara flights after a suspension that prolonged for months due to the outbreak of the coronavirus.
Iran’s national flag carrier, Iran Air, will resume once-weekly roundtrip Tehran-Ankara flights more than two months after they were called off based on a decision by the Turkish civil aviation authority due to the coronavirus surge.
Mutual trade between Iran and Turkey has recovered in October 2020 to reach the corresponding month of 2019, data released by Turkish Statistical Institute show.