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                                        Volume. 12112

Tehran-Ankara trade up 55%, hits $15 billion
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The value of trade between Iran and Turkey reached around $15 billion in the first 11 months of 2011, showing 55 percent rise compared with the same period last year, the IRNA news agency reported.

The two countries’ trade value stood at $10.6 billion in 2010, which was 97 percent more than 2009.

Turkish Statistical Institute reported that in the first 11 months of 2011, Turkey’s exports to Iran stood at around $3.2 billion in comparison to $11.6 billion imports from the Islamic Republic.

In February 2011, President Mahmoud Ahmadinejad announced that the value of trade between Iran and Turkey will reach $30 billion in the Iranian calendar year 1390 (to end March 20, 2012).

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