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Iraq looks to Turkish investment to revive economy

by Anadolu Agency

MOSCOW Mar 01, 2018 - 12:00 am GMT+3
by Anadolu Agency Mar 01, 2018 12:00 am

Iraq's foreign minister yesterday called on Turkish businesspeople and investors to actively participate in the reconstruction of the country's economy, which is recovering from a nearly nine-year U.S.-led invasion that ended in 2011. In an exclusive interview with Anadolu Agency (AA), Ibrahim al-Jaafari recalled that in 2014-2015 the trade turnover between Iraq and Turkey amounted to $18 billion. The volume fell to $12 billion recently.

Jaafari said he hoped the volume would return to the previous level and even surpass it, blaming terrorism in the country for the reduction in trade. "Now we are seeking to increase investments from Turkey and other countries, because we believe that economic cooperation helps bridge gaps between the countries. ... Turkey is actively involved in the reconstruction of Iraq's economy. There are a lot of Turkish companies in Iraq."

He paid tribute to 300 employees of Turkish companies who lost their lives in terrorist attacks in Iraq. The country has been rocked by frequent bombings by Daesh terrorists since 2014.

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