Creating new perspectives since 2009

Turkey, Iran and Qatar sign new trade-transport agreement

November 27, 2017 at 11:24 am

Turkish Economy Minister Nihat Zeybekci in Izmir, Turkey on 18 August, 2017 [Cem Öksüz/Anadolu Agency]

Turkey, Iran and Qatar signed an agreement on Sunday to facilitate trade movement between the three countries. The agreement was signed on behalf of Turkey by Economy Minister Nihat Zeybekci; Iran’s Minister of Industry, Mine and Trade, Mohammad Shariatmadari also signed at a ceremony in Tehran, as did Qatar’s Minister of Economy and Commerce, Ahmed Bin Jassim Bin Mohammed Al-Thani.

The agreement makes provisions to facilitate sea and land transport in order to expand trade relations between the three signatories. According to the deal, Iran will act as a transit country for trade between Qatar and Turkey.

A working group will also be established to represent the three states. Its members will assess the effectiveness of the agreement.

While he was in the Iranian capital, Nihat Zeybekci had formal meetings with his Iranian counterpart, Mohammad Shariatmadari, to discuss economic and trade issues. Zeybekci was in Tehran to participate in the 26th Session of the Turkish-Iranian Joint Economic Commission.

Read: Cargo line between Qatar and Turkey through Iran opened