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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Turkish businessmen face heavy losses due to declining trade with Iraq

    Rocky
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    • Post n°1

    Turkish businessmen face heavy losses due to declining trade with Iraq Empty Turkish businessmen face heavy losses due to declining trade with Iraq

    Post by Rocky Wed 10 Jul 2019, 6:23 am


    Turkish businessmen face heavy losses due to declining trade with Iraq

    13:57 - 10/07/2019



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    Information / Translation ...
    TEHRAN (Reuters ) - Turkish businessmen are facing heavy losses due to a ban on their products in[You must be registered and logged in to see this link.] , a report by Turkey's TRT said on Wednesday , adding that Iran was seeking commercial interests in the country.
    "Over the past decade Turkish trade in the Iraqi market has increased rapidly, with exports of ice cream to pasta from the eastern and southeastern provinces of Turkey to the neighboring country," the report said.
    "Turkish businessmen with significant investments in [You must be registered and logged in to see this link.]   were relieved when Iraqi Prime Minister[You must be registered and logged in to see this link.] made a historic visit to Turkey in May and discussed the possibility of increasing bilateral trade from $ 13 billion to $ 20 billion. But instead of developing the market, the Turkish business community is having a difficult time in the Iraqi market. Its government has gradually banned Turkish products, causing heavy losses to traders from the eastern and southeastern provinces of Turkey, where the two regions rely heavily on the export-oriented economy.
    "We have also learned that processed agricultural products will be banned gradually," said Abdelkader Kolahesi, head of the Turkish Food and Beverage Industry Federation. Which means a loss of about one billion dollars, and thousands of trucks will not carry goods anymore, while the factories will have to leave their workers go, and there will be problems in employment also. "
    "To fill this gap, [You must be registered and logged in to see this link.] might intervene and" replace Turkey's share, because [You must be registered and logged in to see this link.] a major competitor to Turkey in the Iraqi market, "he said, adding that" importing pasta from [You must be registered and logged in to see this link.] is not cheaper than importing from Turkey, so I think it is politically motivated . "It is clear that Turkish exporters will not be able to find the same business share again until the embargo is lifted after one year," he said.
    On the other hand, a Turkish source with investments in [You must be registered and logged in to see this link.] and other Middle Eastern countries said that "some of his colleagues believe that the changing markets in [You must be registered and logged in to see this link.] were a reaction to the project of the Elissu dam to generate hydropower on the Tigris River, which flows between southeastern Turkey and Iraq. Last year Turkey postponed the filling of the Ilesu dam at [You must be registered and logged in to see this link.] request because of the drought. " Ending / 25 z


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