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Friday, August 7, 2015

International trade

Turkey, Iran working to establish free trade zone on Van-Hoy border

A Turkish business delegation visited Iran at the beginning of the week to hold B2B meetings. Turkey and Iran aim to increase their trade volume to $35 billion and find ways to realize this target. (IHA Photo)The free trade zone project between Turkey and Iran is advancing as Iran seeks to reconfigure its relations with Western countries. The project of establishing a free trade zone on the Turkish-Iranian border was one of the decisions made during President Recep Tayyip Erdoğan's official visit to Iran. The free trade zone will be located in the eastern Turkish city of Van and Hoy in northwestern Iran. 

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