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Turkey and Iran are members of the Economic Cooperation Organization. Iran and Turkey have very close trade and economic relations. Both countries are part of the Economic Cooperation Organization (ECO). Bilateral trade between the nations is increasing. Between 2000 and 2005, this trade increased from $1 billion to $4 billion. [65]
Turkey and Iran continued to oppose each other during the Syrian civil war. In 2019, Turkey launched an offensive in northern Syria, against the Syrian Democratic Forces and Syrian Arab Armed Forces, causing Iran to criticize Turkey. [9] Iranian foreign minister Mohammad Javad Zarif claimed that it was a violation of Syria's sovereignty. [10]
Iran, [a] [b] officially the Islamic Republic of Iran (IRI) [c] and also known as Persia, [d] is a country in West Asia.It borders Turkey to the northwest and Iraq to the west, Azerbaijan, Armenia, the Caspian Sea, and Turkmenistan to the north, Afghanistan to the east, Pakistan to the southeast, the Gulf of Oman and the Persian Gulf to the south.
Map of the Iran-Turkey border by the United States Department of State The border starts in the north at the tripoint with Azerbaijan's Nakhchivan Autonomous Republic on the Aras river . The border then proceeds to the north-west along the Karasu Çayı river, thereby granting Turkey a sliver of territory linking it to Azerbaijan.
In March 1995, Iran, Pakistan, and Turkey agreed to establish ECO Reinsurance Company. The purpose is to supplement the existing reinsurance services in the region, promote the growth of the national underwriting and retention capacities, minimize the outflow of foreign exchange from the region and to support economic development in the region.
Harakat Hezbollah al-Nujaba and Badr Organization also threatened to attack Turkey. The militia hostility to Turkey was perceived as an indirect Iranian warning to Turkey against the PKK operations, with Turkish media claiming that Iran supported the PKK, and that Iran had relations with the PKK and the PUK to undermine the KDP and Turkey. [8 ...
Turkey remained neutral during most of World War II, but was involved in the Korean War. Several military interventions interfered with the transition to a multi-party system. Turkey is an upper-middle-income and emerging country; its economy is the world's 17th-largest by nominal and 12th-largest by PPP-adjusted GDP.
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