What sanctions? Iran & Turkey to establish joint "industrial park"...

Xinhua/ here via WPR

Iran and Turkey signed a Memorandum of Understanding (MOU) to establish joint industrial estate on the border of the two countries, the state IRIB TV reported on Tuesday.

The MOU was signed by Iran's Small-Scale Industries and Industrial Estates Organization Director Khodamorad Ahmadi and Turkey's Artisanship and Small Industrial Sites General Director Ramazan Yildirim in the first joint meeting of the expert working groups of the Islamic republic and Turkey in Tehran on Monday.

At the meeting, both sides reviewed different aspects of the agreement to exploit the industrial and economic potentials between the two countries and to adopt necessary regulations for investment, custom service, insurance and travelling, the report said.

Establishment of the joint industrial estate on Iran-Turkey border would strengthen security of the region as well as welfare of those who are residing in the two countries' border region, Ahmadi said.

For his part, Turkey's Yildirim expressed hope that the two countries' economic ties would be expanded.

In February, Senior Turkish and Iranian officials held talks in Ankara in a bid to boost trade cooperation, the semi-official Anatolia news agency reported.

Speaking at the opening of the Joint Economic Committee (JEC) meeting, Turkish State Minister Cevdet Yilmaz was quoted as saying that Turkey aimed at opening a "golden age" in Turkish-Iranian relations with projects such as carrying Turkmen and Iranian energy resources to Europe over Turkey.