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Yilmaz: Ankara, Tehran to finalise trade deal

New Europe Online, Brussels

Yilmaz: Ankara, Tehran to finalise trade deal

27 May 2012

On 21 May, Turkish Development Minister Cevdet Yilmaz, addressing the Turkey-Iran Joint Business Council in Tehran, said that they recorded progress on the way for a preferential trade agreement between the two countries. Within one year, the two countries aimed to finalise this agreement which was an important step for free trade agreement, Anadolu Agency quoted Yilmaz as saying.

Turkey showed a great performance in economy as a result of sound macroeconomic policies supported by reforms that have been continued since 2002, he said. Yilmaz said the number of Iranian companies established in Turkey in 2011 increased remarkably. Trade volume between Turkey and Iran which was $2.3bn in 2003 reached $16bn in 2011, he said.