10903
Negative Trade Balance With Turkey
Economy, Domestic Economy

Negative Trade Balance With Turkey

Trade balance with Turkey dropped $93 million to minus $1.497 billion in the first ten months of the current year (March 21-January 20) compared with the similar period last year, based on official data released by the Islamic Republic of Iran Customs Administration (IRICA). Exports to Turkey in this period, stood at $1.672 billion, while import valued at $3.170 billion. Iran and Turkey are determined to increase bilateral trade from the current $15 billion to $30 billion by the end of 2015. Iran is a main energy supplier to Turkey and Ankara has made huge investments in Iran.

Short URL : http://goo.gl/yfF7dy

You can also read ...

Iran Turns to Europe to  Shore Up Crude Exports
Iran is banking on customers in Europe to shore up crude oil...
Call for Prioritizing Financial  Ties During Visit of UK’s FM
Boosting banking relations with Britain is a top priority of...
The world’s 66 steelmakers produced 1.41 billion tons of steel during the 10 months, up 5.6% YOY.
Iranian steel mills produced 17.9 million tons of steel since...
17 Foreign Apparel Brands Licensed
A total of 17 foreign apparel brands have acquired licenses to...
Speculations About Gold Rally
The sudden leap in gold coins’ prices and their unprecedented...
About 1.65 billion shares valued at $108.8 million changed hands at TSE on Nov. 21.
Tehran Stock Exchange's main index gained 513.40 points or 0....
TCCIM Doubles Down on Sound Forex Policies
By keeping the rial overvalued, the administration is in fact...
Iran needs to import around 800,000 tons of rice every year.
The temporary ban on rice imports has been lifted from Nov. 22...

Trending

Googleplus