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وكالة الأنباء القطرية
Turkey and Iraq target 30B trade
Turkey and Iraq are aiming to increase their bilateral trade to $30 billion in the medium term, compared to the current volume of around $17 billion, which rose to $24 billion after the COVID-19 pandemic. Their cooperation is focused on strengthening trade, transportation, and energy corridors, with an emphasis on fully operating the Kirkuk–Ceyhan pipeline and establishing a new oil pipeline from Basra to Ceyhan. Additionally, they are working on developing the "Development Road" project that connects the Fao Port to Europe via Turkey. Iraq is Turkey's fifth largest trading partner, with Turkish companies having carried out over 1,150 projects in Iraq worth nearly $40 billion. Both countries are also working on enhancing customs procedures and expediting processes to stimulate trade and investments between them.
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