The presidents of Iran and Turkey held direct talks, emphasizing the importance of expanding bilateral trade relations. The leaders expressed determination to drive economic cooperation and take trade turnover between the two countries to a new high.
During the meeting, the two presidents discussed concrete measures to increase goods exchange, investment, and collaboration in the energy and transportation sectors. This is seen as a strategic move to leverage the geographic advantages and economic potential of both nations.
The sides also agreed to set up coordination mechanisms to address trade barriers and facilitate business activities. The move comes as both Iran and Turkey seek to diversify their economic partners and reduce reliance on traditional markets.
Analysts note that strengthening trade ties will bring tangible benefits to both countries, especially in the energy and cross-border cargo transport sectors. The two nations are now targeting an annual trade volume of $30 billion in the medium term.
