Iran and Turkey Target $30 Billion Bilateral Trade Boost

On Wednesday, Iranian President Ebrahim Raisi announced a joint target with Turkey to increase bilateral trade to $30 billion per year, emphasizing the attainability of this goal given the economic capacities of both nations. Raisi shared these intentions with reporters before departing from Tehran for Ankara upon the invitation of Turkish President Recep Tayyip Erdogan, as reported by the presidential office’s website.

Highlighting Turkey’s significance as a crucial trade and economic partner, Raisi mentioned the signing of essential documents during his visit, underscoring the commitment to expanding economic ties between the two countries. Beyond economic matters, Raisi stated that one of the key objectives of his visit was to engage in discussions on regional issues, with a particular focus on Palestine.

Raisi emphasized the common stance of Iran and Turkey in supporting the resistance of the oppressed Palestinians, attributing the ongoing bombardments in Gaza to the U.S.-Western support for Israel. He underscored the importance of addressing issues during his visit, including the necessity to sever what he referred to as Israel’s “vital arteries” to curb its actions against Palestinians.

Expressing optimism about the outcomes of the trip, Raisi hoped for the expansion of Iran-Turkey cooperation across bilateral, regional, and international dimensions. According to Iran’s official news agency IRNA, President Raisi is accompanied by a high-ranking political and economic delegation on his inaugural visit to Turkey.

The agenda for the visit includes a private meeting between the two presidents upon Raisi’s arrival in Ankara, followed by the co-chairing of the eighth meeting of the Turkey-Iran High-Level Cooperation Council and a joint press conference.

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