Turkish exports to Iraq rise by 75 per cent
23rd March 09
Turkey has witnessed a 75 per cent increase in exports to Iraq in the first two months of 2009 it was reported today.
Compared to January and February 2008 export figures of $473 million, 2009 has seen export figures sore to $830 million over the same period, with a 75 per cent increase in exports to Iraq. This Turkish investment in Iraq exports has increased due to a demand for electrical machinery and equipment, animal and vegetable oil, iron-steel goods, machinery and equipments, cement and furniture.
The Turkish invewstment in Iraq and other neighbouring countries is seen as a win win situation by the Government. As neighbouring countries continue to develop, their demand for Turkish exports increases, helping the country to prosper.