Publishe Date: 3:12 PM - 2/15/2014 | Print

Official: Turkish Investors Prefer Iran to Rest of Regional States

Economy - A Turkish economy official underlined the fruitfulness of Iran's investment projects, and said his country's investors are much fond of Iran's lucrative market due to its rich energy resources, talented manpower, and stability which are unique in the region.

Bilgin Aygul, vice-president of the Turkish-Iranian Business Council, commented on the new business opportunities in Iran following the Geneva agreement sealed by Iran and the six major world powers late in November, and said the countries which seize this opportunity first will take the lead in the Iranian market.

Aygul also pointed to the recent visit by Turkish Prime Minister Recep Tayyip Erdogan to Iran and described it as an “important step” in facilitating future investments by Turkish businesses in the Islamic Republic.

Iran and the world powers are due to hold the next round of nuclear talks in Vienna on February 18.

On November 24, Iran and the world powers sealed a six-month Joint Plan of Action to lay the groundwork for the full resolution of the West’s decade-old dispute with Iran over its nuclear energy program. In exchange for Tehran’s confidence-building bid to limit certain aspects of its nuclear activities, the Sextet of world powers agreed to lift some of the existing sanctions against Tehran and continue talks with the country to settle all problems between the two sides.

Then after several rounds of experts talks on how to enforce the agreement, Iran and the six major world powers finalized an agreement on ways to implement the deal.

On January 20, a confidential report by the International Atomic Energy Agency (IAEA) said that Iran has halted its 20-percent enrichment activity under a ground-breaking deal struck with the six world powers in Geneva late in November, paving the way for the easing of some western sanctions against Tehran.

Late in January, Turkish Prime Minister Recep Tayyip Erdogan paid an officials visit to Tehran.

Erdogan, in his two-day visit, held separate meetings with senior Iranian officials on consolidating ties between the two friendly nations.

The two countries officials stressed the necessity for stronger relations and pursuing the planned increase of mutual trade to $30bln by 2015.

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