During the closing ceremony of the 25th Iran-Turkey Economic Commission on Saturday, three memoranda of understanding, aimed at promoting bilateral ties, were signed between the two countries in the Turkish city of Konya. Two MoUs were signed between Iran’s Minister of Communications and Information Technology Mahmoud Vaezi and Turkish Minister of Development Cevdet Yilmaz. The third was between the representatives of Iran Chamber of Commerce, Industries, Mines and Agriculture and the Union of Chambers and Commodity Exchanges of Turkey, IRNA reported. Tehran and Ankara are targeting $30 billion in annual trade. In 2015, two-way exchanges amounted to $9.8 billion, down 29% compared to the previous year. On Friday, Vaezi described the $30 billion-target “realistic”.
