The embargo imposed by the U.S. on Iran, as well as protectionist measures put forth by Iraq, both major trading partners of Turkey, have significantly hit Turkey's exports to both countries, Trade Minister Ruhsar Pekcan said Thursday.
Exports worth around $1.5 billion have been affected by the embargo imposed on Iran, Pekcan told Turkish broadcasters BloombergHT on the sidelines of the 50th World Economic Forum in the Swiss ski resort town of Davos.
"Iraq and Iran are of our biggest trade partners. Iraq has imposed some bans with its own protectionist measures. There as well, nearly $800 million worth of our exports have been affected," the minister stressed.
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