Monday, October 12, 2009

Might this explain Turkey's behavior toward Israel?


Iran Eying $20 bln Trade Exchange with Turkey

http://english.farsnews.net/newstext.php?nn=8807181512

TEHRAN (FNA)- Chairman of Tehran's Chamber of Commerce, Industries and Mine (TCCIM) Yahiya Al-e Eshaq expressed the hope that the volume of annual trade exchanges between Iran and Turkey would double in the near future"At present, the volume of the two countries' exchanges is over $10 billion and we hope that the figure would double and reach $20 billion in the least span of time possible," Al-e Eshaq said in a meeting here on Saturday with a visiting Turkish trade delegation headed by the deputy chairman of Istanbul's Chamber of Commerce.

Given our estimates and the two countries' capacities and potentials, Iran and Turkey can reach the aforementioned goal even sooner than the perceived time schedule through preparing the proper grounds.

During the meeting, also attended by the chairman of the Chamber of Industries of the Turkish city of Eski Shahir and head of Iran-Turkey Joint Council of Businessmen, the chamber officials of the three cities signed two Memoranda of Understanding (MoUs) on cooperation to remove the obstacles faced by the Iranian and Turkish economic activists.

Al-e Eshaq further noted that trade exchanges between Iran and Turkey have experienced a 27 percent growth, adding that Iran's imports from Turkey have increased by 40 percent.

The official also hailed the measures taken by Iran and Turkey to control or minimize negative impacts of the global economic crisis on their economies.

He also urged for easing banking and monetary ties between Tehran and Ankara as a top priority to be carried out in the first phase of expanding economic and trade relations between Iran and Turkey.

Comment: always, follow the money!

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