Nematzadeh, Zeybeckci Discuss
Preferential Trade Agreement
Turkish economy minister announced efforts for the expansion of
banking cooperation between the two sides.
Turkish Minister of Economy Nihat Zeybekci visited Tehran early November and
met with top Iranian officials to discuss boosting cooperation in the
industrial, mining and agricultural sectors.
In a meeting with the Turkish minister, Mohammad Reza Nematzadeh, Minister
of Industry, Mine and Trade said, “Since the beginning of 2015 preferential
trade was launched between the two countries and this increased the volume
of exports of the two countries.”
Stating that based on the latest talks it was decided to add 15 items to the
export list of preferential trade of the two sides, Nematzadeh added, “By
the end of 2016, negotiations will be held about 75 new commodities for the
development of exports between the two countries, increasing the total
number of the goods to 200.”
The minister announced agreement of the two sides for elimination of some
customs tariffs and said during the session it was decided that the two
countries pay attention to items that are useful and important for the two
countries such as petrochemicals.
He referred to the constructive talks with the Turkish side for the solution
of the existing problems in customs terminals and reduction of the time for
transfer of cargo to both countries and said the Turkish minister promised
to remove the obstacles in this regard.
The Turkish minister in the session referred to the interest of his country
in increasing items in preferential trade list to 200 and said products that
are in the list of preferential trade will not be subject to specific
He said, based on the agreement reached between the two presidents for
increasing the volume of bilateral trade to $30 billion per year, although
trade volume has reduced in the world, efforts should be made for the
realization of this figure by increasing the number of commodities in
preferential trade list.
He pointed to the opening of Turkey’s trade offices in different countries
and said the first Turkish trade bureau will be opened in Tehran in a near
The Turkish economy minister also announced efforts for the expansion of
banking cooperation between the two sides and added that memoranda of
understanding had been signed before and planning should be made for their
implementation and strengthening of bilateral banking relations.