Tehran-Ankara bilateral trade will increase from its current $14 billion to $35 billion in the near future, Turkish Minister of Economy, Nihat Zeybekci, said on Saturday. He made the remarks at the High Economic Meeting in the presence of President Recep Tayyip Erdogan in Istanbul, IRNA reported. Referring to the preferential trade agreement (PTA) signed between Iran and Turkey, which came into effect in January, he said: “Two-hundred and sixty-five items are included in the PTA.” He advised Ankara to prepare the border city of Van for the surge in the volume of bilateral trade. Van is the only Turkish province which has two border points with Iran. The minister also announced a new agreement between Iran and Turkey concerning the development of Kapikoy-Razi border terminal.
