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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

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    "It may turn Iraq into a major transportation station." Nabil Al-Marsoumi assesses the importance of

    rocky
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    "It may turn Iraq into a major transportation station." Nabil Al-Marsoumi assesses the importance of Empty "It may turn Iraq into a major transportation station." Nabil Al-Marsoumi assesses the importance of

    Post by rocky Wed Mar 22, 2023 7:07 am

    "It may turn Iraq into a major transportation station." Nabil Al-Marsoumi assesses the importance of the dual link with Turkey

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    Economy News-Baghdad
    Economic expert Nabil Al-Marsoumi assessed, on Wednesday, the importance of the double link between Iraq and Turkey, which was announced by Prime Minister Muhammad Shia Al-Sudani during his current visit to Ankara.
    Al-Marsoumi said in a post on Facebook, "The importance of the agreement between Iraq and Turkey to start building a dual track that includes a land corridor and a railway line extending from Basra to Turkey within the so-called dry channel lies in the fact that it will turn Iraq into a major transport station for European countries after Turkey, as shipments that will cross It arrives by sea through the port of Al-Faw to Turkey and Europe through the dry channel, and it will transport Turkish and European goods to Iraq and from there to the Gulf states, Iran, Syria and Jordan.
    He added, "The dry canal is the complementary project for the large port of Faw, the first phase of which is expected to be completed in 2025, through which the sea voyage time for ships loaded with goods traveling at a speed of 15 miles per hour from the Chinese port of Shanghai to the port of Rotterdam will be reduced by about 33 sea days, while It takes only 15 days when the goods are transported from Shanghai to the Pakistani port of Gwadar, then to the great port of Faw, and from there through the dry channel to the Mediterranean ports in Syria and Turkey, and from there to the port of Rotterdam, and this means that transportation through Iraq will provide a substantial reduction in the cost of transporting goods up to more of the half."
    He pointed out that "there is a project to link the trade between the Emirates and Turkey through Iran, as the goods will be transported from the port of Sharjah to the Iranian port of Bandar Abbas, and then start traveling by land to the Bazargan-Gorbulak border crossing between Iran and Turkey, and then to the port of Iskenderun on the Mediterranean coast in Turkey, which would shorten the duration of the journey to 7 days compared to the duration of the traditional sea route through the Suez Canal, which takes about 20 days, which will reduce the cost of exports and imports due to the decrease in the duration and cost of shipping, and Iran will reap the customs tariffs that it will impose on the passage of trucks through its territory, as well as Contribute to the land trade movement in the region.
    He pointed out that "the tensions in the region and the differences that occur between the Gulf states and Iran, in addition to the tension between Iran, America and Israel, make the agreement fragile, which stimulated the UAE and Turkey because of that and a desire to reduce that time by using Iraq as a passage for trade between them, as it can be shortened." Time if railway and road projects are implemented within the dual track of the dry channel. In this case, goods will be transported from the port of Jebel Ali to the large port of Faw, and from there they will be transported by land through the dry channel to Turkey, especially since the latter will have a pivotal role in the Silk Road, especially after the opening of the canal Istanbul waterway that connects the Mediterranean Sea with the Black Sea, and then benefit from the Turkish transport network in the flow of goods to Europe. This link will strengthen the great port of Faw and Iraq's position on the Silk Road.

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    Added 03/22/2023 - 9:31 AM
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