Turkish share in Iraqi market up, DEIK says

Iraq, now, takes place among top five countries Turkey made the highest export.

Turkish share in Iraqi market up, DEIK says

The share of Turkish companies in Iraqi market is increasing thanks to boosting commercial and investment relations.

According to a report of Foreign Economic Relations Board of Turkey (DEIK), the total exports by Turkish companies to Iraq was 829 million USD in 2003, and it rose to 5.1 billion USD in 2009.

After 12-year UN embargo was lifted on May 22, 2003, commercial relations between Turkey and Iraq increased significantly. Accordingly, trade volume --which was 941 million USD in 2003-- exceeded six billion USD in 2009, and also Turkey's export to Iraq climbed 30 percent in 2009 when compared to 2008, reaching 5.1 billion USD. On the other hand, Turkey's import from Iraq decreased 28 percent to 952.3 million USD in 2009.

Iraq, now, takes place among top five countries Turkey made the highest export.

Operations of Turkish contractor companies in Iraq also increased thanks to infrastructure and superstructure investments in post-war period (as of 2003).

Total business amount of Turkish contractor companies in Iraq was 242 million USD in 2003, and it increased to 1.2 billion USD in 2009.


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Güncelleme Tarihi: 17 Mart 2010, 11:11

SeydiAli

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