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[size=36]The trade exchange between Iraq and China faltered, and the merchants turned to Turkey[/size]
Economy | 08:10 - 04/03/2020
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Baghdad - Mawazine News
, the financial advisor to the resigned Prime Minister, Adel Abdul-Mahdi, the appearance of Muhammad Saleh, revealed on Wednesday that the trade exchange between Iraq and China has stalled due to the outbreak of the new Corona virus, while stressing that Iraqi traders have started to go to Turkey to import their goods.
Saleh said, "One of the attractions of the Iraqi economy is religious tourism and its activities, and important parts of it have stalled and even stopped, and this has led to the country being financially affected, not to mention the measures that called for the disruption of some schools and universities."
He added, "The trade relationship between Iraq and China has also been affected, as the volume of trade exchange annually is not less than 12 billion dollars, represented by the import of Chinese goods. These exchanges have faltered and there are losses in transactions."
He winded, that "this situation led to the tendency of most Iraqi merchants to Turkey to import their goods, in addition to that China is the largest importer of Iraqi oil, and it makes up 22 percent of Iraqi exports, but Iraq was not affected much about this sector."
, the financial advisor to the resigned Prime Minister, Adel Abdul-Mahdi, the appearance of Muhammad Saleh, revealed on Wednesday that the trade exchange between Iraq and China has stalled due to the outbreak of the new Corona virus, while stressing that Iraqi traders have started to go to Turkey to import their goods.
Saleh said, "One of the attractions of the Iraqi economy is religious tourism and its activities, and important parts of it have stalled and even stopped, and this has led to the country being financially affected, not to mention the measures that called for the disruption of some schools and universities."
He added, "The trade relationship between Iraq and China has also been affected, as the volume of trade exchange annually is not less than 12 billion dollars, represented by the import of Chinese goods. These exchanges have faltered and there are losses in transactions."
He winded, that "this situation led to the tendency of most Iraqi merchants to Turkey to import their goods, in addition to that China is the largest importer of Iraqi oil, and it makes up 22 percent of Iraqi exports, but Iraq was not affected much about this sector."
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