Economy, Domestic Economy

Turkey Wants Broader Ties

Turkey Wants Broader TiesTurkey Wants Broader Ties

The Istanbul Chamber of Commerce (ITO) is seeking to expand Turkey and Iran’s trade ties, the chamber announced in a press statement on Monday.

 “We need to bring our commerce and mutual partnerships with Iran to a new level,” Today’s Zaman quoted İTO President İbrahim Çağlar as saying.

“When looking at Turkey’s historical and economic relations with Iran, we think that Iran’s strongest business partner will be Turkey. As Istanbul merchants, our goal is to sell products to Iran and also to create production opportunities with Iranian entrepreneurs and market to third-party countries,” Çağlar said.

According to İTO statistics, there are 1,715 firms in Istabul that are funded by Iranian capital and 240 of these were founded in 2015 alone. Wholesale and foreign trade firms were among those most commonly established.

 “In May, we are organizing the Expo Turkey in Iran fair and I believe that this fair will create important opportunities for our investors,” Çağlar said, adding that ITO had staged a recent meeting with the Iranian Chamber of Commerce leaders and a number of businessmen.