TEHRAN (Iran News) –Tehran, Ankara Seek Materializing $30b Trade . Head of Iran-Turkey Joint Chamber of Commerce Mehrdad Saadat Dehghan says the condition for holding a permanent fair has been readied as Iran and Turkey are seeking materialization of their $30b trade target.
Mr. Saadat said that the trade volume between Iran and Turkey experienced a significant slump in 2020, adding that in 2020 Iran’s trade with Turkey hit $4.254b as Iran’s exports to Turkey were $2b while in the past both countries had experienced a $15b trade volume.
He noted several factors have been effective in the slump of the trade between the two states that the outbreak of the COVID-19 and maximum pressure of the sanctions have been among the most important problems regarding their trade, and for this reason, Iran’s exports to Turkey were less than imports last year.
Sadaat went on to say that the studies of the chamber showed that considering the export advantages to Turkey, the capacity for $15b trade exits in case the condition improves.
He noted that the chamber is after drawing up a road map for improving trade exchange between Iran and Turkey, adding that in this regard, the chamber raised the issue of trade ethics between the two states and set some criteria for it because boosting the trade volume and its materialization needs the problems to be resolved from their roots.
He said early studies showed that most of problems in trade between the two countries are stemmed from the trade ethics which should be set in a way that they can resolve the problems of the businessmen.
Sadaat added that the $30b trade is of the main goals of the chamber and this figure is not a far-fetched target because in the past, both countries have experienced the bilateral trade of $21b.
He noted that enhancing the trade needs improvement of infrastructures, adding that the chamber is after preparing the trade infrastructures in order not to face any problem in case of increasing trade between Iran and Turkey.
He said some Turkish companies are interested in investment in Iran and if the trend of sanctions is changed and the sanctions are lifted or reduced, both countries can take advantage of it.
Sadaat stated that for arrival of Iranian businessmen into Turkey’s market, the chamber is on the eve of opening a permanent fair in Turkey, noting that the chamber has succeeded in taking the project into the executive stage wherein with the launch of the permanent fair in Turkey, Iranians can present their products in Turkey.
He said the exhibition can serve Iranian tradesmen, adding that presenting and introducing Iranian goods to Turkish businessmen for enhancing bilateral trade is of the other activities of this fair. He said this fair can help those companies which are unable to attend in Turkey market by itself.