Domestic Economy

Exports to Turkey Normalizing

Exports to Turkey NormalizingExports to Turkey Normalizing

The chairman of Iran-Turkey Chamber of Commerce said land and rail borders with the neighboring country are open for trade, but each country is only allowing the entry of its own citizens. 
Sa’adat Dehqan added that air routes are scheduled to reopen on August 5. 
On Feb. 23, Turkey closed its land borders with Iran and suspended all incoming flights from the country to stem the tide of coronavirus. 
The border crossings of Razi, Esendere (Serow) and Bazargan remained closed until June 4. 
“At present, the three border crossings are open round-the-clock but the traffic is slow and the average waiting time for trucks carrying Iranian products to Turkey and Europe is higher at Bazargan due to the strict supervision and monitoring of Turkish government. Transportation is only possible by rail at Razi border point, Iran’s sole rail connection with the neighboring country. In addition, Turkish citizens are allowed to pass through Serow border-crossing. Exports to Turkey and European countries through transshipment have normalized,” he was quoted as saying by
Iran’s trade with Turkey totaled $719.53 million during the first four months of 2020 (January-April) to register a decrease of 75% compared to the corresponding months of 2019, data released by Turkish Statistical Institute show.
Iran exported $289.1 million worth of goods to Turkey during the four months under review, indicating an 86.05% decline year-on-year.
Imports stood at $430.43 million, down 45.72% YOY.

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