Flashback-Iran, Turkey to Build Industrial Town at Joint Borders http://english.farsnews.com/newstext.php?nn=9001270976

Ankara's Ambassador to Tehran Umit Yardim announced on Saturday that Iran and Turkey plan to build an industrial town at the two countries' joint borders.   "We are trying to build an Iran-Turkey joint industrial town by the end of the current year," Yardim said in a meeting with the governor of Iran's West Azarbaijan province in Orumiyeh today. 

During the meeting, he also referred to the strong economic relations between Tehran and Ankara, and said, "We have witnessed 13 to 14 billion dollars worth in exchanges between Iran and Turkey in the last three months, which shows that the two countries are attempting to increase the volume of their trade exchanges." Yardin underlined the Iranian and Turkish officials' resolve to increase the volume of the annual trade exchanges to $30bln, but meantime reminded that achieving this goal requires strong and precise planning by both sides.

[Also see ... Iran, Syria sign free trade agreement http://www.islamidavet.com/english/2010/08/20/iran-syria-sign-free-trade-agreement/

ShamGen paves the way for Muslim Unity by Seyfuddin Kara http://usa.mediamonitors.net/content/view/full/84955

"The volume of trade between Iran, Turkey, Syria and Iraq has currently reached around $40 billion a year, which might increase to $200 billion with the ShamGen project. According to Ali Aghamohammadi, Iran, Syria, Turkey and Iraq are working on a free-trade zone project called SİIT, a name created with first letters of the names of each country. From an economic point of view this project envisages that each county will be able to use the others’ seas without restriction....there is ever-increasing potential and will for this unity, which will inevitably be realised sooner rather than later."