100-member Turkish trade delegation due in Iran

TEHRAN – A delegation of 100 Turkish traders and businessmen will travel to Iran on Tuesday to attend the 24th meeting of Iran-Turkey Joint Economic Committee.
Turkish Development Minister Cevdet Yilmaz will lead the delegation, IRNA reported on Sunday.
Iran and Turkey have signed a preferential trade agreement which could pave the way for a hike in the bilateral trade. The agreement was signed during Turkish Prime Minister Recep Tayyip Erdogan’s visit to Iran in January. At the time, Erdogan said the goal is to boost trade between the two neighbors to $30 billion by 2015.
In December 2013, the Ankara ambassador to Tehran said Iran and Turkey have set a long-term target of $100 billion for annual trade transactions.
The Iran-Turkey trade declined to $16 billion in 2013 from $22 billion in 2012.
In a trip to Tehran in November 2013, Turkish Foreign Minister Ahmet Davutoglu said his country could become an energy corridor for its eastern oil- and gas-rich neighbor of Iran.
“Turkey’s annual energy demand stands at 60 billion dollars. Turkey is a corridor country, Iran is a producer country. If we tap both potentials, Turkey could become the corridor of Iran as an energy provider,” Davutoglu was quoted as saying.

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