farhad emam Farhad Emam
Publish Date : 04/08/2016

Iran, Turkey to trade with national currencies

It is reported on the website of Mehrnews.com on April 1, 2016 that:

Meeting with Turkey’s ambassador to Tehran, Deputy Minister of Industry, Mine and Trade Valiollah Afkhami Rad said Iran and Turkey can conduct bilateral trade using their national currencies although removing financial and banking barriers remains as the first step in the development trade ties.

“The two countries have always held friendly relations maintaining trade and economic ties in various periods,” highlighted Afkhami Rad expressing hope that more Turkish investors will take part in Iran in view of the gradual removal of international sanctions.

According to the same report, the following challenges must be tackled to increase the level of EXIM activities between the two countries:

1. The officially deemed safe cards intended for glass and petrochemicals imports must be removed from the trading process.

2. Preferential trade agreement between Iran and Turkey that is to be discussed during the upcoming Iran-Turkey Joint Commission in mid-April needs to be improved.

3. Launching direct air lines between Iranian and Turkish cities like Van, Izmir and Ankara is needed.

4. Some goods must be added to the preferential trade list between the two sides.

The upcoming Iran-Turkey meeting of the Joint Commission in mid-April will shed more light on the future direction of the economic relations between the two country.

 

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