Trade: We have activated previous agreements with the Turkish side

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[size=52]Trade: We have activated previous agreements with the Turkish side[/size]

[size=45]Yesterday, Wednesday, the Ministry of Commerce confirmed the agreement with the Turkish side to “activate what was agreed upon in previous meetings.”[/size]
[size=45]Turkish Trade Minister Omar Polat visited Baghdad and held meetings he described as “fruitful” with Iraqi officials.[/size]
[size=45]A spokesman for the Ministry of Commerce, Muthanna Jabbar, said, "Trade and economic relations with the Turkish side are witnessing clear growth and positive development."[/size]
[size=45]Regarding the agreements reached during the visit, he explained that "there was no specific agreement or signing of a specific agreement or contract."[/size]
[size=45]He pointed out that "the two parties exchanged intentions to overcome the difficulties, and agreed to refer to all signed memorandums of understanding and what was agreed upon in previous meetings recorded in the minutes of the joint committees." A statement from the Ministry of Commerce had announced earlier that the two sides agreed to "activate the joint committees and agreements signed between them, overcome obstacles, increase the volume of trade exchange and promote joint investments."[/size]
[size=45]On the volume of trade exchange between the two countries, a spokesman for the Ministry of Commerce said, "Iraq is the fifth largest importer from Turkey."[/size]
[size=45]He pointed out that “all ministries participate in the joint committee through a representative in addition to the General Secretariat, the private sector and the Federation of Chambers of Commerce,” noting that the Kurdistan region is also represented “not by being a region, but by being part of the Iraqi government.”[/size]
[size=45]Regarding the opening of a new port with Turkey, Muthanna Jabbar said: “Until now, no specific date or location has been specified for this port, and it will be officially announced when an agreement is reached.”[/size]
[size=45]The visit of the Turkish Minister of Trade came days after the visit of Turkish Foreign Minister Hakan Fidan to Baghdad and Erbil, in which he affirmed that Turkey sees Iraq as a "reliable partner" and that "its stability contributes to the prosperity of Turkey," pointing out that Turkey attaches "great importance" to its economic relations. with Iraq. "The volume of our trade, which is close to $25 billion, lags behind (the two countries') real capabilities," he said in a joint press statement with Foreign Minister Fuad Hussein.[/size]
[size=45]In turn, Fouad Hussein said, "There are about 850 Turkish companies in Iraq, most of which work in the construction and construction sector."[/size]
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