ISTANBUL: The full implementation of the nuclear deal between Iran and six world powers is of vital importance for the peace, security and stability of the region, the Turkish Foreign Ministry said in a statement today.

The ministry said it welcomed the agreement and congratulated the parties involved, saying it expected cooperation to be put into practice with full transparency in supervising the deal.

Iran's nuclear deal is "great news" for the Turkish economy as it is likely to boost bilateral trade, Turkish Finance Minister Mehmet Simsek said.

"Iran’s nuclear deal is a great news for the Turkish economy," he wrote in English on his official Twitter account.