Nematzadeh  to Discuss PTA  in Turkey
Economy, Domestic Economy

Nematzadeh to Discuss PTA in Turkey

Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh arrived in the Turkish capital on Tuesday at the head of a delegation to discuss ways of boosting trade ties with the neighboring country. Nematzadeh is scheduled to meet Turkish Minister of Economy Nihat Zeybekci to discuss the preferential trade agreement in place between the two countries among other topics, IRNA reported. The two sides are planning to review the list of commodities included in the PTA and add new items.  This is a follow-up to Minister of Communications and Information Technology Mahmoud Vaezi’s visit to Turkey last month.   Based on the preliminary agreement, tariffs on 125 Iranian goods were lowered in Turkey’s favor and those of 140 Turkish goods in favor of Iran. The pact was signed on January 29, 2014, when the then Turkish Premier (now President of Turkey) Recep Tayyip Erdogan paid an official visit to Tehran, but it took a year for the deal to take effect. The preferential tariff system, which requires both countries to levy lower rates of duty on imports from each other than they do on imports from other countries, is expected to ease two-way transactions of goods and services.


Short URL : https://goo.gl/6PkFCd
  1. https://goo.gl/Ey2wCa
  • https://goo.gl/khLlBi
  • https://goo.gl/edBgxj
  • https://goo.gl/aAajgC
  • https://goo.gl/tFa9rw

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
Easy-Open Can Lid Imports  at $22 Million
Close to 3,610 tons of aluminum easy-open can lids worth $22...
Tehran to Host Int’l Stone Expo in July
The 10th International Iran Stone Exhibition, also known as ‘...

Add new comment

Read our comment policy before posting your viewpoints