TEHRAN Iran exported non-oil commodities valued at $5.2 billion to Turkey throughout the first nine months of the present Iranian calendar year (March 20-Decemebr 21, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.Foroud Asgari stated that Turkey was Iran's 4th top export destination in the discussed nine-month period.Exporting commodities valued at $8.9 billion to Iran, Turkey was Iran's third top source of import in the very first nine months of today year, the authorities further added.Irans Minister of Industry, Mining, and Trade Mohammad Atabak has actually highlighted that improving trade in between Iran and Turkey requires the facility of a preferential trade contract and the elimination of tariff restrictions.During a conference with Turkish Trade Minister Omer Bolat and his accompanying delegation in mid-December 2024, Atabak mentioned that the trade capacity between Tehran and Ankara surpasses the present volume of exchanges.He stressed that implementing bilateral contracts, reviving preferential trade, and enhancing interactions would serve as the foundation for increasing bilateral trade.Atabak noted that the financial relations in between Iran and Turkey, underpinned by deep cultural and historical ties, should yield a greater volume of trade.The Iranian minister revealed optimism about progress in the joint cooperation framework in between the two nations and described it as an important action towards enhancing trade between the capitals.
He included that the preliminary phase of this cooperation, in line with the terms of the two nations Joint Economic Committee, would significantly enhance trade relations.The authorities even more emphasized that increasing trade would speed up the application of facilitative trade programs.
The roadmap established in partnership with Iran's Trade Promotion Organization (TPO) would be critical ahead of time the execution of these plans and deepening bilateral ties.Atabak likewise welcomed the development of specialized committees to deal with bilateral problems, stressing that the majority of trade-related obstacles might be resolved through the Trade Promotion Organization.
He elaborated on the preferential trade arrangement between the two countries, recommending that its terms might be revisited to expand preferential trade volumes.As a more step in improving bilateral trade, Atabak highlighted the value of joint border committees to resolve border concerns and enhance items exchange between the nearby countries.
He also highlighted the need to remove certain tariff barriers to increase trade flows.Concluding, Atabak reiterated Iran's preparedness to expand cooperation with Turkey, emphasizing the commercial benefits of both countries in joint production.On the Turkish side, Minister Bolat acknowledged that the current trade volume in between the two nations does not meet expectations.
He revealed confidence that with the revised cooperation framework and arrangements with Iran's Trade Promotion Organization, financial exchanges in between the two countries would accelerate.He likewise extended an invitation to Atabak to attend the next Economic Cooperation Organization (ECO) summit, scheduled to be hosted by Turkey in the spring of 2025.
He emphasized the importance of deepening trade and economic ties within the structure of bilateral agreements, especially focusing on partnership among Islamic countries.Bolat determined the joint development of border crossings, transportation routes, elimination of transit constraints, and tariff barriers as crucial elements of additional reinforcing Iran-Turkey cooperation.In early July 2024, Director of Asia and the Pacific Office of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) International Affairs Department Niloufar Asadi stated a Free Trade Agreement (FTA) in between Iran and Turkey ought to change the previous trade arrangements between the two nations to improve economic exchanges.In a conference with the Consul General of Iran in Istanbul, Asadi referred to a previously reached preferential trade arrangement between Iran and Turkey under the framework of the Group of Eight Developing Islamic Countries (D8) and said: Considering the shortcomings of the previously signed preferential trade contract and the need to enhance and develop it, I recommend that an open market contract between the 2 nations changes the previous agreements.During a conference in between Iranian Minister of Transport and Urban Development Farzaneh Sadegh and Turkish Ambassador to Tehran Hicabi Kirlangi in late October 2024, the Iranian minister said Iran and Turkey play a fundamental role in local transit and freight transport as the bridge between East and West.According to her, the geographical position of Iran and Turkey acts as a link between Asia and Europe, opening a valuable chance to improve regional and international freight and transit networks.Sadegh kept in mind that partnership in between Iran and Turkey throughout all domains will boost peace and stability in the region.Iran regularly ventures to enhance its connections with Turkey across political, financial, cultural, scientific, and security fields, she said.While highlighting the preparedness of the Ministry of Transport and Urban Development, as the Iranian chairman of the Iran-Turkey Joint Economic Committee, to gain from all offered capabilities in order to develop bilateral relations, she wanted the 2 excellent countries of Iran and Turkey, health, prosperity, joy, security and progress.Irans Minister of Agriculture Gholamreza Nouri Qezeljeh and Samad Hasanzadeh, the head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), departed for Turkey along with a delegation of agricultural and food industry specialists, on January 9.
As reported, the agriculture minister and his accompanying delegation also participated in an Iran-Turkey Agricultural Business Forum on January 10, in Ankara.The events featured Nouri Qezeljeh, Hasanzadeh, Hossein Pirmoazen, the deputy head of the Iran Chamber of Commerce, senior Agriculture Ministry officials, and economic sector representatives.Discussions focused on dealing with trade barriers, cultivating bilateral ties, and enhancing export potentials.Speaking at an event of Iranian farming experts in Ankara, Nouri Qezeljeh specified that the federal governments deal with to support private sector development, removing barriers to farming and food exports stays a top priority.He stressed the requirement to update food product packaging and help with export terminal licenses to broaden export markets.The minister also highlighted the value of solving custom-mades challenges dealt with by Iranian exporters in Turkey, promoting for stable policies to prevent ad-hoc policies that weaken exporters credibility.
He included that the economic sector, with its focus on performance and innovation, plays an essential function in conquering economic challenges.He highlighted Iran's decision to deepen ties with neighboring countries, particularly Turkey, through farming diplomacy.Irans agricultural exports constitute 20 percent of bilateral trade with Turkey, which surpassed $14 billion in the first 9 months of the Iranian year 1403 (March 20 December, 21, 2024).
The prominent delegation, consisting of 180 Iranian agricultural exporters and producers, marked one of the largest economic objectives in between the 2 countries, showcasing the potential for boosted trade and collaboration in agriculture and food industries.MA