Turkey continues to ease trade with Iran

Published 23.04.2016 03:06

Two new steps are being taken regarding trade agreements in order to reach the $30 billion trade goal between Iran and Turkey. Firstly, 30 new products will be added to the preferential trade agreement, which was put into effect as of Jan. 1, 2015. Secondly, in order to solve problems regarding the implementation process, a trade facilitation agreement will be signed. Meeting with members of the Economy Reporters Association, Development Minister Cevdet Yılmaz said that a preferential trade system with Iran would have an important effect, and the decision was made in terms of better implementation.

According to Yılmaz, 30 more products will be included in the preferential trade's expansion. Economy Minister Mustafa Elitaş will also visit Iran. There are some problems with the implementation, and the trade facilitation agreement is currently being negotiated.

Yılmaz said that along with the conclusion of the above-mentioned agreement, trade would gain perspective and that they wanted investments to increase and bureaucracy to decrease, so some modernization is ongoing at customs gates.

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