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How Turkey's foreign policy may have lost it $25 billion in trade with Iran

A preferential trade agreement between Turkey and Iran has failed to stop the decline in bilateral trade as regional political disputes between the two neighbors deepen.

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Iranian Foreign Minister Mohammad Javad Zarif (R) gives a joint press conference with his then-Turkish counterpart Ahmet Davutoglu in Tehran, Nov. 27, 2013. — ATTA KENARE/AFP/Getty Images

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