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Turkish President Recep Tayyip Erdogan (R) meets Vice President Es'haq Jahangiri in Istanbul on Oct. 20.
Turkish President Recep Tayyip Erdogan (R) meets Vice President Es'haq Jahangiri in Istanbul on Oct. 20.

Joint Ventures Crucial to Boosting Tehran-Ankara Ties

The Iran-Turkey Economic Commission will convene shortly as part of efforts to tap the two sides’ full potentials for the development of mutual ties

Joint Ventures Crucial to Boosting Tehran-Ankara Ties

Vice President Es'haq Jahangiri has called for closer engagement between the private sectors of Iran and Turkey, including through joint ventures.
"It is essential to pave the way for investment in the private sectors of Iran and Turkey, and encourage those sectors to expand their cooperation and launch joint projects," Jahangiri was quoted as saying by IRNA.
He was speaking in a joint press conference with Turkish President Recep Tayyip Erdogan after the two met on the sidelines of a conference of the D-8 Organization for Economic Cooperation in Istanbul on Friday.  
"Iran and Turkey need to tap their full potentials for the development of ties and in line with this purpose, the two countries' joint economic commission would convene shortly," he said.
The vice president conveyed an Iranian offer to play a bigger role in meeting the oil and gas requirements of neighboring Turkey.
"Iran is ready to provide Turkey with energy … [and] ramp up our oil and gas exports to satisfy this country's energy needs," he added.
Jahangiri said Tehran and Ankara agree on the need to counter regional terrorism by adopting a collective mechanism.
"Iran and Turkey share common goals in preventing a change of geographical borders, preserving the territorial integrity of all countries, bolstering regional stability and security and combating terrorism. Cooperation between the two countries on these issues would be in the interest of peace and stability in the region," he said.
Erdogan welcomed the idea of increasing oil imports from the Islamic Republic, saying his country "is interested in purchasing more Iranian oil".
The Turkish head of state condemned a rogue separatist move by the Kurdish Region in neighboring Iraq to hold an independence referendum late last month.
"The illegal referendum in Iraq's Kurdistan Region was a wrong move and the officials in the region should compensate for it," Erdogan said.

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