Sanctions? What sanctions?
In open defiance of United Nations sanctions against the Islamist dictatorship of Iran, the up and coming Islamist state of Turkey has announced that it will triple trade with Iran in the next five years. Turkey plans to buy more natural gas from Iran to supply industry and homes and also hopes to export Iranian gas onto Europe. It will try to eliminate some quotes and tariffs and increase business with Iranian banks, Erdogan stated in an address at a Turkish-Iranian business forum in Istanbul./crickets chirping
"I can't see any reason why we can't establish an unimpeded trade mechanism with Iran similar to the one with Europe," he added.
Turkey, NATO's sole Muslim member, has defended Iran's right to develop nuclear energy for peaceful use and voted against US-backed sanctions against Iran in June. The US administration has since then urged Turkey, a longtime ally, to help enforce United Nations sanctions against Iran aimed at deterring the Islamic Republic from obtaining a nuclear bomb.
Turkey has stated that it will abide by the UN sanctions but says it is attempting to improve ties with Iran in areas not stipulated by the sanctions.
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Trade between the two countries is currently worth about $10 billion and official figures show it has jumped 86 percent in the first seven months this year, mostly due to a recovery from the global financial crisis.
posted by Carl in Jerusalem @ 7:28 AM
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