During his visit to Tehran, the Turkish Minister of Development Cevdet Yilmaz urged increasing the volume of trade between the two countries to USD 35 billion per year. He said,
The volume of trade exchange between Iran and Turkey exceeded USD16 billion in 2011 and the two countries have the capacity to increase the volume of their trade exchange to USD 35 billion by 2015.
The Turkish minister met with Iranian President Ahmadinejad, the Foreign Minister, Vice President for International Affairs Ali Saeedlou as well as economic activists. Mohammad Nahavandian, President of the Iranian Chamber of Commerce met with the Turkish minister and merchants investors from Turkey. In his remarks, Nahavandian emphasized that their visit represented a continuation of the Turkish Prime Minister’s visit to Iran. He noted the desire of decision-makers in both countries to develop the mutual relationship and investments from both countries in industry, mines, housing and urbanization.