Transit Fee Spat With Turkey
Economy, Domestic Economy

Transit Fee Spat With Turkey

The row between Iran and Turkey over truck transit fees has heated up lately due to hikes in passage fees. The Turkish government decision to increase border crossing fees for Iranian trucks after 20 years has triggered a hot debate.
According to a memorandum of understanding (MoU) signed between Iran and Turkey back in 1994, the two sides agreed not to charge trucks crossing the border. The agreement excluded fees to compensate for the costs of roads maintenance.
Turkish officials say the move was in response to the transit fees Iran has been charging Turkish trucks recently, since Ankara has continuously urged a reduction in the fees over the years. Turkish trucks paid over $1 billion to Iran for the differences in fuel prices between the two countries in the last decade, and this amount will rise to $2.5 billion in the next decade, according to our calculations,” said Fatih Sener, a senior member of Turkey’s International Transporters Association (UND), which represents the Turkish international freight transport sector.
Iranian officials argue that Turkey has violated the agreement it signed 20 years ago by its latest decision.
Iran has charged Turkish trucks because fuel in Iran has been cheaper than that in Turkey. “Over the past 20 years, Iran has charged Turkish trucks €25 (about $31) per 100 kilometers of traveling in Iran just to compensate the difference in fuel prices,” Iranian deputy road minister, Davood Keshaverziyan, said.
Iran and Turkey feel the urgent need to create new alternative routes to ease high truck traffic on Iranian roads.

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

You can also read ...

Decline in Forex  Rates Expected
While the foreign exchange rates are still considered bullish...
Economic War on Iran Is War on Eurasia Integration
Hysteria reigned supreme after the first round of US sanctions...
German Rail Operator, Deutsche Telekom End Iran Projects
German rail operator Deutsche Bahn and Deutsche Telekom are...
Emirati Paper: Baghdad Expected to Maintain Strong Economic Ties With Tehran
Iraq’s ties with Iran are likely to grow stronger as a result...
 New ATR Planes Join Iran Air Fleet
The ATR 72-600 planes recently delivered to Iran Air have...
NZ Exporters Wary of Rising  US-Iran Trade Tensions
New Zealand exporters are looking to worsening US-Iran...
 TPO Clarifies Import Ban List to Foreign Traders
The recent ban imposed on the import of certain products has...
Australian Teen Hacked Apple’s Computer Network
An Australian teenager has pleaded guilty to hacking into the...