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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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    Counselor Mazhar Saleh: The first step in the trade relationship between Iraq and Turkey has begun

    Rocky
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    Counselor Mazhar Saleh: The first step in the trade relationship between Iraq and Turkey has begun Empty Counselor Mazhar Saleh: The first step in the trade relationship between Iraq and Turkey has begun

    Post by Rocky Mon 25 Dec 2023, 11:08 am

    [size=38]Counselor Mazhar Saleh: The first step in the trade relationship between Iraq and Turkey has begun[/size]


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    December 25, 2023[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Al-Hadath: The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, confirmed the start of the first step to organize the trade relationship between Iraq and Turkey using the currencies of the two countries and with solid mechanisms, while indicating that the joint committee between the two countries will draw positive milestones in developing economic relations.
    Saleh said that Turkey is one of the three major trading partners from whose markets Iraq imports goods and services, and the volume of imports from it reaches 14 billion dollars annually, while Iraq currently occupies advanced ranks in Turkey’s exports to the world, as only the United States, Germany, and Italy are ahead of it. .
    He added: It has been noted, unfortunately, that the regulation of financing foreign trade and its settlements between the two countries was mostly carried out through the parallel exchange markets, indicating that this matter has two negative repercussions. The first is the noise caused by this irregular and illegal parallel market on the stability of the exchange rate, as well as the scarcity of Its operations are subject to money laundering, which is categorically rejected by law in both countries, due to the unacceptable problems it causes that are rejected by the official authorities.
    He continued that the first step in regulating the relationship between the regular markets of the two neighboring countries began through the desire of both parties to improve the means of commercial and economic transparency in a way that serves opportunities for stability and joint investment and building vital and important strategic bridges between our two countries, including the start of the “Development Road” project that was announced by Prime Minister Muhammad Shiaa. Sudanese Shia, which links the economies of Asia and the Gulf to Turkey and Europe together, in addition to what Iraq’s important geostrategic role represents in this major development project.
    He stressed that based on the desire of the Turkish Exporters Union to find relations of understanding and build stable policies between market organizations in the two countries, the joint Iraqi-Turkish committee concerned with market forces has been formed, which will draw positive milestones on the path to stability and development of long-term economic relations, especially in the areas of contracting, trade and investment.
    He stated that the two countries' national currencies will be a tool for direct exchange between the two countries, and through solid and stable mechanisms that the Central Bank of Iraq will draw up measures for, including the draft equal deal that supports the stability of commodity supply in Iraq, which the government statement mentioned in this regard.
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