Ankara expecting the Lion’s Share in Iran after the Deal

Ankara is satisfied with the agreement on the Iranian nuclear program. For security reasons, certainly, but above all for the economic benefits that will result. “The world is relieved,” headlines this morning Hürriyet, which echoed the general feeling dominant in Turkey as a result of this agreement. “Iran, partner or opponent?” Asks Erdal Saglam in […]

Ankara is satisfied with the agreement on the Iranian nuclear program. For security reasons, certainly, but above all for the economic benefits that will result.

“The world is relieved,” headlines this morning Hürriyet, which echoed the general feeling dominant in Turkey as a result of this agreement. “Iran, partner or opponent?” Asks Erdal Saglam in the columns of the newspaper. According to him, no doubt the Iranian market is an incredible opportunity for Ankara, which starts with a considerable advantage over the West because of its geography and cultural ties that the two countries have.

The end of a black series

“Libya, Egypt, Iraq, Syria, Ukraine, Greece and Russia in recent years, all countries with which Ankara has close trade relations have faced crises, which have had a negative impact on the Turkish economy. Finally some good news, “rejoices Habertürk.

Among the areas in which Ankara should find profit, Hürriyet quotes the banking sector, the tourism and hospitality industry, agriculture, the construction industry, mining and appliances. Ankara may also hope to satisfy its growing need for oil and gas through the Islamic Republic.

$ 30 billion

“In 2014, despite the embargo imposed on Iran, trade between the two countries were valued at $ 3.9 billion. For 2016, the goal is set at $ 30 billion, “said the pro-government Yeni Safak newspaper.

Following the announcement of the agreement, the Turkish lira rose nearly 4% against the dollar, a first for many weeks.