State Minister Kürşat Tüzmen and his Iranian counterpart, Masood Mirkazimi, participated in the Turkey-Iran Business Forum in Ankara and signed a protocol on preferential trade tariffs. Tüzmen said the two countries were planning to increase the trade volume to $20 billion in five years thanks to a new regulation that will allow the two countries to trade with each other in their national currencies. "We have completed our own work and are waiting for the Iranian side to conclude their internal adjustments," Tüzmen said.
He also listed five special projects that will give momentum to the bilateral economic relations. At the top of this list is an agreement to allow the free movement of goods, he said. A second project is to merge both countries’ customs and create a joint economic zone that will help both countries’ businessmen to trade easier.