Turkey vows to continue trade with Iran

ANKARA, Turksih Economy Minister Nihat Zeybekci said on Friday that his country would continue to do trade with Iran despite a U.S. decision to exit the landmark Joint Comprehensive Plan of Action (JCPOA) nuclear deal signed with Iran in 2015.

Responding to a question in an interview with Anadolu news agency regarding U.S. President Donald Trump’s announcement of a U.S. withdrawal from the Iran nuclear deal on Tuesday, Zeybekci said Turkey would continue to do trade with Iran.

He stated Turkey had “more extensive” economic ties with Iran, including energy imports from Tehran.

“It is an opportunity for Turkey.? We will continue to have trade with Iran while complying with the UN resolutions on nuclear activities,” he added.

“We believe in this: The stronger Iran gets in this region, the stronger Turkey becomes as well, and the stronger Turkey becomes, the stronger Iran gets as well,” he said.

The 2015 pact placed unprecedented restrictions on Iran’s nuclear program in exchange for billions of dollars in relief from international sanctions.

Zeybekci also stressed that it was important to use the Turkish lira as the reserve currency, saying: “If you are dependent on foreign currencies, such as dollar and euro, you will be vulnerable to speculative movements. Therefore, our work on this is rapidly progressing.” As for Turkey’s deals regarding trade in local currencies with Russia, Iran, Azerbaijan, the Turkish Republic of Northern Cyprus, Korea and Venezuela, Zeybekci said: “The official basis with Russia is ready.” Zeybekci said the agreement with Moscow would enable Russian tourists to Turkey to pay in ruble while Turkey would be purchasing in Turkish liras for the same amount.

Source: Kuwait News Agency