Iraq-Turkey Trade Exchange Exceeds $15 Billion Amid Efforts to Enhance Economic Cooperation

The Iraqi embassy in Ankara held a seminar to discuss visa facilitation for Turkish investors and showcased future investment opportunities in Iraq for 2025. Ambassador Majid Al-Lajmawi revealed that trade between the two countries has surpassed $15 billion. Officials emphasized the significance of enhancing economic relations and increasing investment projects in the coming years.

On Friday, the Iraqi embassy in Ankara hosted a seminar focused on facilitating entry visas for Turkish investors while highlighting potential investment opportunities in Iraq for 2025. Ambassador Majid Al-Lajmawi announced that trade between Iraq and Turkey has surpassed $15 billion. Key officials participated, including the Turkish-Iraqi Parliamentary Friendship Committee head, Muhammad Mufid Aydin, and the Deputy Head of the Parliamentary Investment Committee, Hussein Al-Saabri, among Turkish business leaders.

Ambassador Al-Lajmawi emphasized the Iraqi government’s commitment to streamlining visa issuance for Turkish investors to foster economic collaboration and improve bilateral relations. He conveyed that significant efforts were made with relevant authorities to allow direct entry visas for Turkish investors. Al-Lajmawi also highlighted Iraq’s openness to investments across various sectors including energy, infrastructure, industry, agriculture, and technology.

Moreover, the Ambassador reported that in 2024, the volume of trade exchange, exclusive of oil and its derivatives, exceeded $15 billion. The Turkish-Iraqi Parliamentary Friendship Committee leader acknowledged the Iraqi embassy’s initiatives in expediting visa processes and asserted the vital importance of bolstering economic ties between the two nations. The Deputy Head of the Parliamentary Investment Committee noted the expectation of increased investment opportunities in 2025, particularly in renewable energy, manufacturing, and technology.

In conclusion, the seminar organized by the Iraqi embassy in Ankara signifies the strengthening economic ties between Iraq and Turkey. With a trade exchange reportedly exceeding $15 billion, both nations aim to enhance collaboration through improved visa procedures for Turkish investors. The future looks promising for multifaceted investments in diverse sectors as both countries work towards shared economic growth.

Original Source: ina.iq