BREAKING NEWS

Erdogan: Turkey seeking to triple trade with Iran

By ASSOCIATED PRESS

SEPTEMBER 16, 2010 17:27

ANKARA, Turkey — Turkey is seeking closer commercial ties with Iran and aims to triple trade volumes in the next five years while still respecting the limits set by UN sanctions, Turkish Prime Minister Recep Tayyip Erdogan said Thursday.

Turkey plans to buy more natural gas from Iran to supply industry and homes and also hopes to export Iranian gas onto Europe. It will try to eliminate some quotes and tariffs and increase business with Iranian banks, Erdogan stated in an address at a Turkish-Iranian business forum in Istanbul.

"I can't see any reason why we can't establish an unimpeded trade mechanism with Iran similar to the one with Europe," he added.

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