Turkey, Iran to step up banking ties

Turkey, Iran to step up banking ties

ANKARA /TEHRAN
Turkey and Iran have reached an agreement to speed up banking transactions between the two and to ensure the fast

implication of the Preferential Trade Agreement and further boost commercial and investment ties, the Turkish Development Ministry said in a statement on April 17.

The statement said the parties had agreed on a memorandum of understanding that was signed during two-day Turkey-Iran Joint Economic Commission 24th Term Meeting recently held in Tehran with the participation of Development Minister Cevdet Yılmaz.

In late January, Iran and Turkey signed a preferential trade agreement during a ceremony in Tehran attended by Iranian First Vice-President Eshaq Jahangiri and Turkish Prime Minister Recep Tayyip Erdoğan.

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