Wednesday 20 February 2019

Ahmet Davutoglu

Turkey, Iran agree to improve economic ties

ISTANBUL, April 16, 2016

Turkey's Prime Minister Ahmet Davutoglu and Iranian President Hassan Rouhani agreed on Friday to improve economic cooperation, with banking a priority, prime ministry sources told Reuters, following the lifting of international sanctions on Iran.

The two countries also agreed to increase trade and mutual investments, the sources told Reuters.

Iran is frustrated that few trade deals have been implemented since the nuclear-related sanctions were lifted, as foreign banks still steer clear of processing transactions.

On Friday it called on the United States and European Union to help it access the global financial system, but the White House said the nuclear deal did not include giving Tehran such access. – Reuters

Tags: Iran | Turkey | Economic ties | Rouhani |

More Finance & Capital Market Stories

calendarCalendar of Events