The Iraqi Ambassador to Ankara: Erdogan's visit to Baghdad will witness the signing of a strategic a

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[size=52]The Iraqi Ambassador to Ankara: Erdogan's visit to Baghdad will witness the signing of a strategic agreement[/size]

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04/20/2024
The Ambassador of the Republic of Iraq to Ankara, Majid Al-Lajmawi, confirmed that the visit of Turkish President Recep Tayyip Erdogan to Baghdad will witness the signing of a strategic framework agreement in various fields, while the Turkish Ministry of Trade expected to increase the volume of its exports to Iraq to 20 billion dollars.
Al-Lajmawi said in a statement: “The visit of the President of the Turkish Republic, Recep Tayyip Erdogan, to Baghdad will contribute to resolving the outstanding issues between the two neighboring countries,” pointing out that “the visit will achieve a comprehensive qualitative leap in the cooperation relations between Iraq and Turkey, and will witness the signing of a strategic framework agreement that has been worked on.” In recent months, it has dealt with the security, economic, and development fields, and making progress in the water and energy files, as well as the process of resuming the export of Iraqi oil through Turkey.”
He pointed out that “the Turkish President’s visit comes within the framework of the two countries’ efforts to strengthen their bilateral relations, especially in light of the presence of many projects and memorandums of understanding that may be concluded between the two countries, most notably the development path and Turkey’s role in this vital strategic project.”
Meanwhile, the Turkish Ministry of Commerce expected that the volume of Turkish exports to Iraq would rise to 15 billion in the near term and 20 billion dollars in 2030, while noting that President Recep Tayyip Erdogan’s visit to Iraq, scheduled for tomorrow, Monday, will witness the signing of a Trade agreements between the two countries.
The Turkish Minister of Trade, Omar Polat, said in an interview with Anadolu Agency regarding this visit: “Iraq has always been one of the most important countries for Turkey in terms of trade and economic relations,” pointing out that “Iraq’s share of Turkish exports during the past 10 years has reached More than 5 percent of the country’s total exports.”
Polat explained that “Turkish exports to Iraq included most sectors, and that the volume of trade between the two countries reached $24.2 billion in 2022, and $19.9 billion last year.”
He continued: “Our exports to Iraq decreased by 7.2 percent compared to the previous year, reaching 12.8 billion dollars, and in the same period, our imports from Iraq decreased by 31.1 percent, reaching approximately 7.2 billion dollars during the period referred to, and our foreign trade surplus amounted to 5.6 billion dollars this year.” the past".
Polat confirmed that “exports increased by 24.5 percent during the first three months of 2024, compared to the same period last year, to reach $3.4 billion, while imports decreased by 46.2 percent, to reach $835 million.”
The Turkish Minister of Trade concluded his speech by noting that “the volume of Turkish exports to Iraq is expected to reach $15 billion in the near term, and $20 billion in 2030, with the completion of the development road project.”
Erdogan is scheduled to visit Baghdad and Erbil tomorrow, Monday, in his first foreign visit, after the local elections, which took place on March 31, to sign trade agreements and discuss ways to develop trade relations between the two countries, and the strategic development road project.[/size]
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