Iran, Turkey could team up in regional markets: envoy

ANKARA, May 2 (MNA) – Iranian and Turkish firms can boost their competitiveness in domestic and regional markets through establishing joint companies, Iran’s Ambassador to Ankara Bahman Hosseinpour stated.

In a meeting with the Head of Turkish Industrialists’ and Businessmen’s Association (TUSIAD) Arzuhan Dogan Yalcindag in Istanbul, Hosseinpour said the joint companies will help the sides have more active presence in other countries.

 

“With vast energy resources and low-wage manpower, Iran could be an appropriate field of investment for Turkish businessmen,” he added, IRNA reported on Friday.

 

The two sides formerly held talks over the use of national currencies in bilateral trade to double the annual trade volume between the two countries.

 

Iran and Turkey have set the target of $20 billion in annual trade by 2011, while the annual value of trade between the two countries hit $10 billion in 2008.

 

Iran exports some $8 billion of goods, including oil and gas products, to Turkey and imports nearly $2 billion worth of products per annum.

 

NK/MG/MRK

END

MNA

News Code 33525

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