Turkish Companies See New Business Opportunities In Iran

Ankara and Tehran may disagree over the Syrian conflict, but the two governments recognize opportunities for increasing trade between their countries in the wake of eased sanctions against Iran — and that's despite repeated warnings from the U.S.

Since the agreement in January when Western nations eased economic sanctions on Iran in echange for a slowing down of its nuclear program, Turkish companies have looked to their embattled neighbor for deals.

“Since Western powers reached an interim deal with Tehran, new business opportunities began to emerge in Iran,” Bilgin Aygun, vice president of Turkey’sForeign Economic Relations Board, said last week.

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Between March 2012 and July 2013, Turkey was able to export approximately $13 billion worth of gold to Tehran, according to Mark Dubowitz of the Foundation for Defense of Democracies. 

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