Iraqi President Meets Turkey's Trade Minister

• • The meeting between the President of Iraq and the Turkish Trade Minister underscores the significance of economic ties between the two nations.
  • The emphasis on fostering economic growth, commerce, and cooperation indicates potential opportunities for businesses in varisectors, including trade, manufacturing, and investment.

• • The President's mention of rehabilitating Iraqi factories, strengthening trade, and leveraging investment opportunities signals a favorable environment for cross-border industrial collaboration.
  • Turkish businesses are being encouraged to engage in multiple economic sectors in Iraq, indicating potential for joint ventures, technology transfer, and investment partnerships.

• • The commitment of Turkey to develop economic and trade ties with Iraq underscores the potential for trade expansion and investment growth between the two countries.
  • The upcoming visit by Turkey's Trade Minister's envoy further demonstrates the intention to enhance bilateral relations, presenting opportunities for businesses to engage in high-level discussions and negotiations.

Full statement from the Office of the Iraqi President:

On Tuesday, August 29, 2023, the President of the Republic of Iraq, Abdullatif Jamal Rashid met with Turkish Trade Minister, Omer Bolat alongside his delegation. The Meeting took place at the Baghdad Palace.

Iraq's Trade Minister, Atheer Dawood Al-Ghurariy attended the meeting.

Greetings from President Erdogan were first conveyed to the Iraqi President by the Turkish Trade Minister. In response, President Rashid asked Mr. Bolat to convey his greetings and best wishes to Turkish President Erdogan.

It is imperative for Iraq and Turkey to develop their friendship across all sectors, including fostering economic growth and commerce and protecting the environment, His Excellency President Rashid said while speaking with the Turkish Trade Minister.

Moreover, it is a matter of critical importance to promote these ties in a way that is in the best interest of both nations' citizens, he added.

It is vital for the two neighboring countries to continue to cooperate and coordinate, especially in the area of water, to enhance understanding and cooperation, His Excellency said.

In his remarks, he stressed that security and stability should be promoted and maintained.

In addition, the President emphasized the significance of Turkish businesses being engaged in a wide range of economic sectors while noting that this includes cooperative efforts in the industrial domain, specifically in the rehabilitation of Iraqi factories and plants, strengthening trade between the two countries, and taking advantage of the investment opportunities in Iraq.

As part of its efforts, the government is working on promoting investment, supporting the private sector, improving infrastructure, initiating construction projects and providing services that meet citizens' needs, HE, stated.

Turkish Trade Minister, Mr. Bolat was delighted to meet His Excellency President Rashid.

Through dialogue, he affirmed that Turkey is determined to find viable solutions to the thorny issues between Iraq and Turkey, and hopes to further develop bilateral relations at every level with Iraq.

It has been confirmed by Mr. Bolat that his country is committed to developing economic and trade ties with its neighbor, Iraq, noting that Iraq is an important center for Turkish trade.

Recently, officials from both countries have been in contact and have visited each other extensively, Turkey's Trade Minister continued to say, the Turkish President's envoy, Mr. Faysal Oglu, is expected to visit Iraq.

(Source: Office of the Iraqi President)