Why it matters:
Iran and Turkey view each other as crucial regional economic partners, and both governments are eager to expand trade despite external pressures and challenges. A significant increase in trade could reshape economic dynamics across the region.
The big picture:
The two neighboring countries currently conduct about $8 billion in annual trade, according to Turkey’s Commerce Minister. Both sides believe the economic relationship holds far greater potential and have set ambitious goals, including reaching $10 billion in trade next year.
What he is saying:
Mohammad Atabak, Iran’s Minister of Industry, Mine and Trade: "Turkey is one of Iran’s most important trade partners. Trade between the two countries has the potential for a major leap. Resolving minor barriers could unlock significant growth."
Key points:
- Iran is focused on removing small but persistent obstacles to trade.
- The immediate goal is to increase trade from $8 billion to $10 billion next year.
- Turkey says addressing challenges facing Turkish companies in Iran will boost investment.
Go deeper:
Iran and Turkey Strengthen Scientific Collaboration in Emerging Fields
M.Majdi - ahmad shirzadian
