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Iran, Turkey enjoy strategic relations - official

1 May 2013 16:05 (UTC+04:00)
Iran, Turkey enjoy strategic relations - official

Iranian Foreign Ministry spokesman Ramin Mehmanparast has said that Iran and Turkey enjoy strategic relations, IRIB reported.

"The continuation of bilateral ties will guarantee security and cooperation in the region," he said.

Referring to the regional developments, especially in Syria and Bahrain, the Iranian official said that the Syrians should determine their destiny on their own and Iran supports people's choice.

In March, IRNA news agency quoted Iranian deputy trade minister Hamid Safdel as saying that Iran and Turkey have potential to increase trade turnover volume.

He referred to the current level of bilateral trade, which stands at $20 billion, as insignificant, and added that a preferential trade agreement will be signed in the current year between the two neighbor countries.

In January, IRNA cited data by Turkey's statistics center, indicating that the value of trade between Iran and Turkey surpassed $20.8 billion in the first 11 months of 2012, showing around 40 percent rise compared to the same period in 2011.

Turkey's exports to Iran amounted to $7 billion in the mentioned period, mainly due to the exports of gold to Iran.

Oil, gas, and petrochemicals account for the lion's share of Iran's exports to Turkey.

In December, 2012 Iran's Ambassador to Turkey Bahman Hosseinpour said the trade volume between Iran and Turkey can potentially increase fivefold to as high as $100 billion a year.

The Iranian ambassador added that ample investment opportunities await Turkish investors in Iran.

The value of the trade between Iran and Turkey exceeded $16 billion in 2011. The two countries plan to increase the level of their bilateral trade volume to $30 billion by 2015.

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