Iran-Turkey Trade Volume Declined by $12b in 10 Years
IRAN NEWS ECONOMIC DESK
President of Iran-Turkey Chamber of Commerce Mehrdad Saadat Dehghan says the trade volume between Iran and Turkey has declined by $12b during the past 10 years, adding that both countries have no choice but to ditch dollar from their trade because of sanctions.
Saadat Dehghan said that the trade volume between both states was around $12b in 2001 and the figure soared to $21b in 2010 but unfortunately the current figure in 2019 stands at around $9b.
He noted despite decline in the trade volume, the trade between both states still is in better condition comparing to Iran’s trade with other states.
He stated that both countries are keen to continue trade but pressure of heavy sanctions and fall in the oil revenues of Iran and problems about banking transactions hindered boosting trade relation..
He hailed exporters, adding that the government and exporters should be praised for their cooperation in the sanctions era because exporters could have stopped their activities due to hurdles but they continued their cooperation.
Saadat Dehghan added that return of forex resulted from exports to Turkey has no problem and exporters take their money into the countries through different ways like bartering or via banks.
He said that statistics show that Turkish companies had the major share of investment in the country while many Iranian companies are eager to work in Turkey. He reiterated that Turkey has not left Iran in the sanctions era.
On the outlook of trade between both countries for 2020, he said that both countries will do their best to retain at least the current trade volume of $9b but one should not ignore the sanctions.
Saadat Dehghan reiterated that in the current sanctions era, Iran and Turkey have no choice but to ditch dollar from their trade and both countries have had several meetings to solve this problem.
