Iran and Turkey surpassed 20 billion dollars in 2012

BusinessIran and Turkey surpassed 20 billion dollars in 2012

Ankara: Abdullah Gul, the President Turkey confirms that trade between Iran and Turkey will continue to increase in forthcoming years.
While meeting outgoing Iranian Ambassador to Ankara Bahman Hosseinpour, Gul was of the view that both countries have great potentials to improve mutual trade relations, reports Dispatch News Desk (DND).
Hosseinpour, added that the value of trade exchanges between Iran and Turkey surpassed 20 billion dollars in 2012 and emphasized that the two countries presented a clear example of relations of good neighborliness, friendship and understanding to the region.

The value of the Iran-Turkey trade exceeded USD 16 billion in 2011. The two countries plan to increase the level of their bilateral trade volume to USD 30 billion by 2015.

Western Media claims that couriers carrying millions of dollars worth of gold bullion in their luggage have been flying from Istanbul to Dubai, where the gold is shipped on to Iran, according to industry sources with knowledge of the business.

The sums involved are enormous. Official Turkish trade data suggests nearly $2 billion worth of gold was sent to Dubai on behalf of Iranian buyers in August 2012. The shipments help Tehran manage its finances in the face of Western financial sanctions.

Asad Haroon
Asad Haroon
A netpreneur, blogger and above all; A Human :) Asad tweets from @aghaasadharoon

Must read

Recent News

Suzuki Gixxer 250 price in Pakistan

Suzuki Gixxer 250 Price in Pakistan 2023

0
Suzuki is a famous Automotive manufacturer from Japan. It has a rich history of producing Bikes and Cars. Founded in 1909 the company has...

AUD to INR: USD Dollar Rate in Pakistan Today – 25 September 2023

0
The Australian Dollar (AUD) was trading at 53.38 as per the Indian Rupee (INR) on Monday.Currently, Indians are now the second-largest migrant group in...
Suzuki GS 150 fuel average

Suzuki GS 150 Fuel Average 2023

0
This article will cover details about the Suzuki GS 150 Fuel Average and how can you improve the fuel efficiency and mileage of your...

USD to PKR: USD Dollar Rate in Pakistan Today – 25 September 2023

0
The US Dollar (USD) was being bought and sold at Rs 291.7 and Rs 294.6 in the Open Market against the Pakistani Rupee (PKR)...
Gold Price in Pakistan Today – 16 September 2023

Gold Price in Pakistan Today – 25 September 2023

0
On Monday (September 25, 2023), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 214,800.000.It's important to note that gold...
Advertisement