Turkey, Iran eye customs deal

Turkey, Iran eye customs deal...
turkishpress.com 05/02/2015 Import-Export

Keywords:#2015, #Ankara, #Bazargan, #Border, #Customs, #Customs_Clearance, #Customs_Minister, #Iran, #Iranian, #Tehran, #Transit, #Turkey, #Turkish, #Turkishpress.com

Wednesday, February 4, 2015
ANKARA - Turkey and Iran will implement single customs territory to facilitate trade between the two countries, Turkish Customs Minister Nurettin Canikli announced Wednesday.
Iran-Turkey Flags fly on top of a mountain at Bazargan Border while Trucks line up for Customs Clearance

* * * The initiative ensures restricted customs regulations and minimized control of the transportation of goods between agreed partners to boost trade.
Canikli said that a technical committee from Iran would come to Turkey, adding that Ankara had shown its "determination" to make the project succeed.
According to Turkish officials, trade between Turkey and Iran stood at $22 billion in 2012 before dipping to $14.5 billion in the following year because of international economic sanctions on Tehran. Bilateral trade is expected to reach $15 billion by end of 2015.
Transit fees for cross-border haulage had become a sticking point between Turkey and Iran. Recently, Ankara increased transit fees for Iranian trucks when Tehran hiked its own rates for Turkish vehicles.
Turkey and Iran signed a preferential trade agreement in January 2014 which came into force last month.
---Neighbors move to create single customs regime for crossborder trade---

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