Iran, Turkiye eye tripling annual trade

Recep Tayyip Erdogan, President of Turkiye and Iranian President Ebrahim Raisi

© APA | Recep Tayyip Erdogan, President of Turkiye and Iranian President Ebrahim Raisi

# 19 July 2022 16:40 (UTC +04:00)

Iranian President Ebrahim Raisi described the current level of trade and economic ties with Turkiye as insufficient, saying the bilateral trade volume can triple to reach $30 billion annually, APA's Tehran bureau reports.

Speaking at a joint press conference with his Turkish counterpart Recep Tayyip Erdogan in Tehran on Tuesday, Raisi described Erdogan’s visit as a turning point in elevating the two countries' relations.

He said in their talks before the press conference that the two sides reiterated their resolve to boost relations in economic and commercial fields and discussed enhancing cooperation in other fields as well.

The Iranian president added that the level of economic ties between Iran and Turkiye is not sufficient given the existing capacities, adding that it can grow to three times the current level of $30 billion in annual trade.

He noted that the two sides also stressed investment development between the two countries and voiced their intention to extend the 25-year contract on exporting Iran’s gas to Turkey.

Bilateral cooperation in security issues is very important, and ensuring the security of common borders is also emphasized by the two sides, he stated.

He also said terrorism must be fought in all of its manifestations.

Pointing to the countries’ cooperation concerning security issues, Raisi said, “(The issue of) border security was emphasized between Tehran and Ankara as well as the fight against terrorism, narcotics, and organized crime.

“(Terrorism) might assume different names. (However) terrorism translates into endangerment of people’s security and must be fought with no matter its name so security can be provided for the borders,” the Iranian president noted.

Raisi went on to say that Tehran and Ankara also underscored the need for cooperation on regional security, adding that both countries reiterated the need to respect Syria’s sovereignty.

Erdogan also hoped that the talks between the two sides would create a leap in bilateral ties.

He said bilateral trade has decreased due to the coronavirus pandemic, reaching $7 billion, but Tehran and Ankara are determined to raise it to $30 billion.

The Turkish president also stressed cooperation in combatting terrorist organizations.

Erdogan traveled to Tehran to attend a tripartite summit with his Iranian and Russian counterparts later on Tuesday as part of the Astana peace process for Syria.