MNA reported that the value of trade exchanges between Iran and Turkey has reached to USD 20 billion in the past ten months of 2012.
As per report, the value of bilateral trade between the two neighbors has increased more than 45% compared with the same period in the last year. Turkey has exported more than USD 9.3 billion worth of goods to Iran in the first 10 months of 2012 while it imported around USD 10.5 billion from the Islamic Republic in the mentioned period.
Iran and Turkey have sharply increased the level of their trade ties over the past years. In 2000, the level of bilateral trade stood at only around USD 1 billion but in 2010 it exceeded USD 10 billion. The figure hit USD 16 billion last year. The two sides seek to raise the value of their bilateral trade to USD 30 billion by 2015.
Mohammad-Reza Rahimi first VP of Iran has announced recently that the speed of trade exchanges between Iran and Turkey has accelerated and will soon reach the targeted goal of USD 30 billion per year.
Earlier this month, Mr Ali Babacan deputy PM of Turkey confirmed that Iran was selling natural gas to Turkey for payment in Turkish Liras in Turkey that were later converted into gold before brought to their homeland.