New Era Started for the Trade with Iran by the Opening of a Turkish Trade Center in Tehran

Turkey, with the aim of $50 billion, has landed on Iran with a committee including Minister of Economy Nihat Zeybekçi, President of Turkish Exporters Assembly Mehmet Büyükekşi, investors and exporters.  First of the 20 Turkish Trade Centers that are planned to be opened throughout the world, is opened in Tehran, the capital city of Iran. Minister of Economy Nihat Zeybekçi and Iranian Minister of Communication Mahmut Vaizi increased the trade volume aim between two countries, which has reached $10 billion last year, and they gave the happy news to the businessmen of both countries.

Trade Center is Opened

The expectation is to increase the product number within the scope of Preferential Trade Agreement(PTA) and the target is to achieve Free Trade. Minister Zeybekci has met with Iranian Minister of Industry and Mining Muhammed Rıza Nimetzade and Iranian Minister of Communication Mahmud Vaizi thoruhout his visit to Iran. Zeybekçi with President of TİM Mehmet Büyükekşi has attended to the opening of Turkish Trade Center and made a speech at Turkey-Iran Business Forum. Ideas were exchanged during the meetings for the mutual goal of increasing the number of products within the scope of PTA, which was signed 3 years ago. Currently, there are 265 products in total in the list from both of the countries.

The Barriers Should be Eliminated

Speaking at a press conference with Minister Vaizi, Nihat Zeybekci stated that the favourable results were taken from PTA and the next step is Free Trade : “the main idea is  to eliminate all the barriers before the trade between Turkey and Iran, starting of Free Trade Agreement. Logistic and Customs should not be burdens for traders any more. PTA had been introduced and we are experiencing the good results.”

Exports Increased by 39%

With the PTA, exports to Iran has exceeded $1 billion from by increasing 39% comparing to last year's $725 million. Exports to Iran within the scope of PTA products has been increased by 8% and reached $391 million in the first 5 month of this year. Also, the imports from Iran under the cover of PTA products has been increased by 42% and has reached $32 million in 2016.