Iran, Turkey form preferential trade agreement committee

Senior officials from Iran and Turkey’s economic sectors met on Tuesday as a committee to follow up on the preferential trade agreement reached between the two countries.

In the meeting, the acting head of Iran’s Trade Promotion Organization (TPO), Hamid Zadboum, mentioned the two countries’ great potentials for economic cooperation and called on the two sides to take necessary measures for increasing the two countries’ trade turnover.

“In the past five years, the volume of trade between Iran and Turkey has exceeded $53 billion, and considering the determination of the two countries’ presidents, the figure should increase to $150 billion over the next five years,” Zadboum said.

The official mentioned the preferential trade agreement between the two countries which has been operational since 2015 and said “We hope that with the support of the governments of the two countries, the agreement would continue in the best way for both sides and it would pave the way for further expansion of trade ties,”

The Turkish side also expressed their country’s willingness for expansion of relations with Iran in all areas especially in trade and called for creation of a positive atmosphere for the two sides’ businessmen to know each other more and to interact effectively.

At the end of the meeting, it was also announced that the next Iran-Turkey Joint Economic Committee meeting is slated to be held during 17-18 September in Ankara.


Leave a Comment:


Iran targets $50b in exports to neighboring countries

Iranian Deputy Industry Minister Hossein Modares Khiabani said his ministry has it on the agenda to increase the value of exports to Iran’s 15 neighbors up to $50 billion, Tasnim news agency reported on Saturday.

Iran, Russia stress implementation of joint projects

Iranian Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak stressed accelerating the implementation of the two countries’ joint projects in a meeting in Moscow on Monday.

Iran’s 5-month non-oil exports at $17.8b

Iran exported $17.8 billion of non-oil commodities during the first five months of the current Iranian calendar year (March 21-August 22), IRIB reported on Monday.

ICCIMA hosts Iran-Bulgaria business forum

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted an Iran-Bulgaria business forum on Saturday in which the two sides explored ways of expanding economic cooperation, ICCIMA portal reported.

TPO to dispatch trade delegation to Belarus

Trade Promotion Organization of Iran (TPO) is going to dispatch a trade delegation to Belarus capital city of Minsk during the Iranian calendar month of Mehr (September 23-October 22), TPO portal reported.

Zadboum appointed new acting head of TPO

Iranian Industry Minister Reza Rahmani appointed Hamid Zadboum as the new acting head of Trade Promotion Organization of Iran (TPO), TPO announced on Sunday.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners