Iranian Vice-President for International Affairs Ali Saeedlou voiced Tehran's readiness to boost the volume of its trade transactions with Ankara to $30bln.

"Iran is ready to extend the volume of trade transactions (with Turkey) to the level of $30bln," the Iranian vice-president said at a meeting with Turkish Development Minister Cevdet Yilmaz in Turkey on Sunday.

He further underlined that increasing the Iran-Turkey trade exchanges to such a level would be "beneficial to both countries".

The Turkish development minister, for his part, said, "Iran and Turkey are two major economic powers of the region and Ankara wants to further improve its relations with Iran."

Saeedlou traveled to Turkey at the head of a high-ranking economic delegation to meet with Turkish officials and also attend a meeting of the governors of Iran and Turkey's bordering provinces.

The latest statistical report released earlier this month showed that the trade exchanges between Iran and Turkey had reached $17.52bln since the beginning of the current Iranian year (started on March 20, 2012).

According to the figures released by the Turkish Statistical Institute, Iran became Turkey's third biggest business partner with a trade exchange of $17.52bln since the beginning of the current Iranian year (started on March 20, 2012).

Turkey imported $8.94 billion in goods from Iran, and exported $8.58 billion in goods to the Islamic Republic during this period.

Trade between Turkey and Iran has risen sharply over the past decade.

Turkey was Iran's fifth-largest oil customer in 2011, buying around 200,000 barrels per day, 30 percent of its total imports and more than 7 percent of Iran's oil exports.

The two countries' officials plan to mutual trade to $30bln by 2015.
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News ID 183405