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Iran, Turkey to establish a joint bank

SHAFAQNA- “In order to increasing trade between two countries, Iran and Turkey are looking into a plan to establish a joint bank”, Director of the Center for Studies and Research of Iran and Turkey said, adding that two countries plan to expand their cooperation in biological medicine transactions.

“At first, it is necessary to open the letter of credit for business transactions in order to speeding up the business trade”, he stressed.

“Turkey and Iran are in attempt to increase industrial transaction and developing economic, banking, buying petrochemicals, mineral and industrial materials bonds”, Seyyed Jallal Ebrahimi said.

Iranian economic adviser in a meeting with head of Turkish Syndicate of Pharmaceutical Producers invite them to visit Iran with their medical unit board and discuss about developing production and medicine trade. Turkey accept that and both countries demand developing their cooperation in biological medicine transactions.

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