(RTTNews) – Turkey seeks to double bilateral trade with neighboring Iran to $30 billion by 2015, a move aimed at strengthening ties with the Islamic Republic despite the new round of Western sanctions against Tehran over its nuclear defiance.<\/p>\n
“Iran and Turkey’s relations saw a 70 percent rise in 2011 and I hope that new steps will be taken within the framework of the Joint Commission to help increase the trade volume to $30 billion in 2015,” Turkey’s Environment and Urban Planning Minister Erdogan Bayraktar told a joint economic meeting held in capital Ankara on Thursday.<\/p>\n
To achieve the goal, the two countries at a two-day Joint Economic Cooperation Commission signed a Memorandum of Understanding covering areas such as transportation, energy and industry, Turkish media reported.<\/p>\n
Foreign Minister Ali Akbar Salehi, who led the Iranian delegation at the Commission meeting, said to achieve the $30 billion goal, Iran and Turkey needed to facilitate financial affairs and transactions and implement agreements reached at the Joint Commission.<\/p>\n
A NATO ally, Turkey is raising the trade target at a time when the United States ratcheted up pressure on Iran with fresh round of sanctions, and the European Union (EU) expected to support an oil embargo and a freeze on the assets of Iran’s central bank.<\/p>\n
Turkey has pledged not to comply with the new U.S. sanctions targeting the Iranian oil industry and its financial institutions, saying Ankara is only bound by U.N. sanctions.<\/p>\n
via Turkey, Iran Agree To Raise Bilateral Trade To $30 Billion.<\/p>\n
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