Turkey Iran want closer economy ties

Turkey Iran want closer economy ties

Turkey Iran want closer economy ties Turkey’s Prime Minister Ahmet Davutoğlu and Iranian President Hassan Rouhani agreed on April 15 to improve economic cooperation, with banking a priority, prime ministry sources told Reuters, following the lifting of international sanctions on Iran. 

The two countries also agreed to increase trade and mutual investments, the sources told Reuters. Anadolu Agency said th closed-door meeting between Davutoğlu and Rouhani lasted about two hours. 

Turkish PM Davutoğlu visited Tehran in March. At the time, the two countries said they aimed to triple annual bilateral trade to $30 billion within two years.

Iran is frustrated that few trade deals have been implemented since the nuclear-related sanctions were lifted, as foreign banks still steer clear of processing transactions.  

On April 15, it called on the United States and European Union to help it access the global financial system, but the White House said the nuclear deal did not include giving Tehran such access.