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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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    Cutting off trade with Iran and Turkey as an "Iraqi pressure card"... Who will be the real loser?

    Rocky
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    Cutting off trade with Iran and Turkey as an "Iraqi pressure card"... Who will be the real loser? Empty Cutting off trade with Iran and Turkey as an "Iraqi pressure card"... Who will be the real loser?

    Post by Rocky Sat 26 Aug 2023, 4:37 am

    Cutting off trade with Iran and Turkey as an "Iraqi pressure card"... Who will be the real loser?

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    Baghdad today - Baghdad
    With the persistence of disputed issues and disputes between Iraq and its neighbors Turkey and Iran, especially with regard to the issue of water, the issue of the "economic card" is often raised, and talk is made that Iraq can put pressure on these two countries by cutting off trade with them, while the question arises about who is the real loser. In the event of interruption of trade.
    Representative Hussein Mardan considered that the Iraqi markets are in dire need of Turkish and Iranian goods due to the shortage in the local production of these types of goods, while he reviewed 3 reasons why Iranian and Turkish goods have preference in Iraq.
    Mardan said in an interview with (Baghdad Today), Friday (August 25, 2023), that "Iraq's exceptional situation in the files of industry, agriculture, and the economy in general imposes on it determinants in exchange mechanisms with neighboring countries, including Iran and Turkey," noting that "Iraq needs their products." to fill the void in the market.
    He added, "3 direct reasons for the flow of Iranian and Turkish products to the Iraqi markets are represented by geography, ease of transportation and competitive prices, in addition to the intertwined trade relations that extend for centuries, meaning that it is not an exceptional case arising from recent years."
    He pointed out that "Iraq's situation and the weakness of its industrial, agricultural and productive capabilities make closing the borders to the products of neighboring countries fraught with dangers," stressing that "the talk about political pressures behind the flow of goods is inaccurate, but rather it results from a need that is being provided, and when an alternative becomes available, there will be a reduction in its flow." ".
    It is often mentioned that the economic card is in the hands of Iraq, which could be used against Turkey and Iran, especially in the issue of the dispute over water.
    This conversation leads to an important question, which is, "Who is most affected by the severance of trade with Turkey or Iran?" While the numbers can clearly answer this question.
    The average import of Iraq from Turkey is about 12 billion dollars and from Iran between 8 to 10 billion dollars annually, as Iraq depends heavily on the goods of the two countries, and in the event of stopping trade with them, many goods and commodities will increase their prices significantly in the local markets from electrical appliances and even Other food commodities.
    While it is possible to replace some of them with local products, other goods are not manufactured locally and cannot be provided.
    On the other hand, Turkey's total exports in 2022 amounted to about 255 billion dollars, which means that the amount of the effect of stopping trade between Iraq and Turkey is less than 5% of the total Turkish trade, which may not significantly affect the Turkish economy, which makes Iraq perhaps more They will be affected in the event of stopping trade with Turkey, and this matter is not considered a very profitable card against Turkey.
    The total Iranian oil and non-oil exports, in 2022, are approximately $100 billion, which means that what Iraq imports from Iran is equivalent to 10% of its total exports, which makes Iran somewhat more affected than Turkey in the event of stopping trade with Iraq.
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