Home
Commercial exchange between Baghdad and Turkey reached $10 billion
Friday, June 17, 2011 12:34 GMT
Turkish Commercial Attache in Baghdad said on Thursday that commercial exchange with Baghdad increased in 2011 to reach 10 billion dollars and added that the volume of commercial transactions between the two countries increased in 2011 to reach 10 billion dollars. The same source added that it expects trade volume to reach 20 billion dollars in the next few years.
Matin Kerken said during an interview with Alsumarianews that the volume of commercial exchange with Iraq reached 10 billion dollars approximately during the first months of 2011 in comparison with 6 billion dollars last year.
Kerken said he expects commercial exchange between the two countries to reach 11 billion dollars by the end of this year and more than 20 billion dollars during the next 3 years.
During the current year 10 Turkish commercial fairs were held in Iraq in the framework of a plan to hold 25 Commercial Trade aiming at distributing Turkish products. However, because of the high temperatures in Iraq holding fairs will be resumed in September and fairs will be held in Najaf, Babel Basra, Irbil and Suleimaniah.
Turkish Commercial Attache in Baghdad said that Turkish goods are weighting in the Iraqi market and they enjoy a very high quality adding that it is the same products Turkey exports to the USA and Europe. “Turkey will work on producing products that fit Iraqis buying capacity because the Syrian and Iranian products are being cheaper sometimes”, the Attache added.
Turkish Commercial Attache in Baghdad had told Alsumarianews that till now Baghdad doesn’t want to exempt Turkish citizens from getting visas to enter Iraq which impels Turkey to do the same. He also added that Turkish companies lose a lot of time and effort because of this issue when they decide to enter Iraq.
During the visit of Turkish Prime Minister Recep Tayyip Erdogan to Baghdad in the middle of October 2009, Iraq and Turkey had signed about 50 memorandum of understanding in order to boost political and economic cooperation especially in the fields of security, water, border passages, oil, linking electricity grids, health, railroads and agriculture.
Iraq vice Premier for Energy Affairs Hussain Al Shahristani said in March 28 2011 that oil pipelines expansion between Iraq and Turkey entered the phase of implementation after the Turkish and Iraqi parliaments approved the new version thereof. Shahristani also added that during his meeting with Turkish Energy Minister he signed contracts to provide Iraq with 2000 megawatts of electricity.
[You must be registered and logged in to see this link.]
Friday, June 17, 2011 12:34 GMT
Turkish Commercial Attache in Baghdad said on Thursday that commercial exchange with Baghdad increased in 2011 to reach 10 billion dollars and added that the volume of commercial transactions between the two countries increased in 2011 to reach 10 billion dollars. The same source added that it expects trade volume to reach 20 billion dollars in the next few years.
Matin Kerken said during an interview with Alsumarianews that the volume of commercial exchange with Iraq reached 10 billion dollars approximately during the first months of 2011 in comparison with 6 billion dollars last year.
Kerken said he expects commercial exchange between the two countries to reach 11 billion dollars by the end of this year and more than 20 billion dollars during the next 3 years.
During the current year 10 Turkish commercial fairs were held in Iraq in the framework of a plan to hold 25 Commercial Trade aiming at distributing Turkish products. However, because of the high temperatures in Iraq holding fairs will be resumed in September and fairs will be held in Najaf, Babel Basra, Irbil and Suleimaniah.
Turkish Commercial Attache in Baghdad said that Turkish goods are weighting in the Iraqi market and they enjoy a very high quality adding that it is the same products Turkey exports to the USA and Europe. “Turkey will work on producing products that fit Iraqis buying capacity because the Syrian and Iranian products are being cheaper sometimes”, the Attache added.
Turkish Commercial Attache in Baghdad had told Alsumarianews that till now Baghdad doesn’t want to exempt Turkish citizens from getting visas to enter Iraq which impels Turkey to do the same. He also added that Turkish companies lose a lot of time and effort because of this issue when they decide to enter Iraq.
During the visit of Turkish Prime Minister Recep Tayyip Erdogan to Baghdad in the middle of October 2009, Iraq and Turkey had signed about 50 memorandum of understanding in order to boost political and economic cooperation especially in the fields of security, water, border passages, oil, linking electricity grids, health, railroads and agriculture.
Iraq vice Premier for Energy Affairs Hussain Al Shahristani said in March 28 2011 that oil pipelines expansion between Iraq and Turkey entered the phase of implementation after the Turkish and Iraqi parliaments approved the new version thereof. Shahristani also added that during his meeting with Turkish Energy Minister he signed contracts to provide Iraq with 2000 megawatts of electricity.
[You must be registered and logged in to see this link.]
