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Turkey and Iran reach agreement on transit fees

by ChemOrbis Editorial Team -
  • 16/01/2015 (17:41)
According to media reports, Turkey and Iran have reached an agreement on transit fees. Under the new regulation, transit fees for Turkish trucks entering Iran decreased to €0.3 from €1.60 per liter effective as of January 16, 2015.

On October 2014, after Turkey had implemented a surcharge on Iranian trucks for deliveries via Turkey, Iran doubled its fee from €25/100 km to €50/100 km, which heated up the conflict between the two countries over truck transit fees.

Turkey’s Minister of Development reportedly said that Turkey seeks new cooperation with Iran in several areas to achieve its $30 billion bilateral trade target. Previously, the two countries had signed a preferential trade agreement, which went into effect as of January 1, 2015 in line with efforts to increase bilateral trade and support bilateral investments.
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