An increasing number of Turkish businesses are exploring ways of investment in the Iranian market following the November 2013 nuclear deal between Iran and world powers in the Swiss city of Geneva, a Turkish official says.

Bilgin Aygul, vice president of the Turkish-Iranian Business Council, commented on the new business opportunities in Iran following the Geneva agreement and said the countries which seize this opportunity first will take the lead in the Iranian market.

Tehran and the six world powers -- Russia, China, Britain, the United States, France and Germany – clinched the nuclear accord in Switzerland on November 24, 2013.

The Geneva deal, which took effect on January 20, is aimed at setting the stage for the full resolution of the West’s decade-old standoff with Tehran over its nuclear energy program.

Under the agreement, the Sextet agreed to provide Iran with some sanctions relief in exchange for Tehran agreeing to limit certain aspects of its nuclear activities during a six-month period.

Aygul also pointed to the recent visit by Turkish Prime Minister Recep Tayyip Erdogan to Iran and described it as an “important step” in facilitating future investments by Turkish businesses in the Islamic Republic.

The Turkish premier traveled to Tehran on January 28 at the head of a high-ranking delegation to discuss major bilateral and regional issues with senior Iranian officials.

Erdogan met with Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei and Iranian President Hassan Rouhani during his visit.

The Turkish prime minister was accompanied by Foreign Minister Ahmet Davutoglu, Energy Minister Taner Yildiz and Economy Minister Nihat Zeybekci.

By Press TV

 

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