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Business / Middle East Business

End of Iran sanctions may boost Turkish exports by 10 percent: Trade group

Published: 20 Jan 2016 - 12:50 pm | Last Updated: 02 Nov 2021 - 01:09 am
Peninsula

Iranians drivers refuel their vehicles at a gas station in the capital Tehran on January 19, 2016. AFP


ISTANBUL: Turkish exports could rise between 8 and 10 percent with the end of sanctions on neighbouring Iran following its nuclear deal with world powers, the head of the Turkish Exporters’ Assembly (TIM) said on Wednesday.
Key sectors for Turkish companies in Iran are automotive, clothing, textiles, machinery and chemicals, TIM chairman Mehmet Buyukeksi said at a news conference.
Turkish and Iranian companies, especially those in the automotive business, could form joint ventures to enter Central Asia markets, he also said.

REUTERS