Home Situational Assessments Issue Brief Iran, Turkey Open Third Border Crossing To Boost Regional Cooperation

Iran, Turkey Open Third Border Crossing To Boost Regional Cooperation

999

Context

Turkey and Iran opened a third border crossing at Kapikoy in the eastern Turkish province of Van, in what is described by the foreign ministers of the two countries as a sign of friendship amid intensified regional cooperation initiatives. Trade between Iran and Turkey stands at $11 bn at present, which the two countries desire to raise to $30 bn, according to Iranian Foreign Minister Ali Akbar Salehi.

 

Previous articleS&P Cuts Its Outlook on American Debt; Stocks Fell
Next articlePakistani Delegation Returning Home Without Money