First foreign bank

Turkey is in the process of opening the first foreign bank in Iran. There is a business of around $ 8 billion between Iran and Turkey. In 2002, the turnover between the countries were of $ 2 billion, nowadays $ 8 billion and the forecast show that it will be around $ 20 billion in 2011. Turkey is increasing his export in Iran in the sector of Gaz and petrol but ask the Iranian foreign minister Manochehi Motaki to finally reduce the tarrifs and barriers between the 2 countries. Iran has promised them for years that this problem of barriers will be resolve but Turkey is furious that the foreign minister hasn't done much in this area because this kind of problem doesnt help anyone in business. Since the mildly muslim party in power we have seen that the relation with Arab countries and business between them are increasing. It is a sign of a Turkey which is fed up of waiting for the European Union and turning their face to the Arab world.