Iran Turkey | Iran Chamber Newsroom

Iran Turkey

Iran-Turkey trade down 77%

Iran’s trade with Turkey totaled $803.59 million during the first five months of 2020 (January-May) to register a decrease of 77.62% compared with the corresponding months of 2019, data released by Turkish Statistical Institute show.

Trade

Iran, Turkey fully activate Bazargan border for trade

After three months of closure of the key border crossing of Bazargan in the northwest of Iran over COVID-19 pandemic, Iran and Turkey reopened the gate for trade exchanges. 150 Iranian trucks and 36 Turkish trucks have passed through the border on the first day of the reopening.

Trade

Turkey to keep up trade with Iran despite coronavirus restrictions

Turkey has developed a formula to continue cross-border trade with Iran despite a travel ban due to the coronavirus, the country’s Hurriyet newspaper reports.

Trade

Joint chamber of commerce: Turkish firms eager to invest in Iran

Turkish companies are more willing to invest in Iran than other foreign firms, the chairman of Iran-Turkey Chamber of Commerce said as the two neighbours are seeking to consolidate their trade ties.

Trade

Iran-Turkey Joint Chamber of Commerce votes new board members in

Delegates of Iran-Turkey Joint Chamber of Commerce took part at chamber’s General Assembly to choose the new board members whose names will be published later.

Joint Chambers

Iran seeking monetary pacts with regional countries: FM Zarif

Iranian Foreign Minister Mohammad Javad Zarif says his country is in talks with several regional countries to do business in national currencies.

Financial Markets

Iran, Turkey to hold joint economic commission soon

Iranian and Turkish foreign minsters have agreed to join their efforts to hold their joint economic commission in a bid to further develop their trade ties.

Trade

Iran, Turkey considering joint bank: Ambassador

The joint bank will be used to handle the Iranian export of gas to Turkey as well as import of other commodities to the country.

Financial Markets

Iran-Turkey Joint Chamber of Commerce urges joint bank to ease banking ties

Such joint bank by the two countries’ private sectors will be aimed at removing the barriers for Iranian and Turkish businessmen and women who have faced banking problems after the US sanctions.

Trade

Iran, Turkey seek financial channel to skirt US sanctions

The payment mechanism is supposed to work like the European instrument, that although hasn’t been officially launched yet, is set to help Iran benefit from the dividends of the nuclear deal.

Trade

Featured

Iran and Afghanistan have only a limited five- to seven-year window to establish themselves as a key regional transit corridor before China and Pakistan seize the opportunity, according to a report released on Tuesday by the Iran Chamber of Commerce’s research center.

Iran, Afghanistan face narrow window to secure transit hub role, report says

Iran will continue allocating a subsidized exchange rate for medicines and has yet to take any new decision on the sector as it considers moves toward a single exchange rate, Economy Minister Ali Madanizadeh said on Monday.

Iran to keep subsidized FX for medicine as it weighs currency reform

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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