Iraqi- Turkish trade exchange volume is in increase
Iraq-Turkey, Economics, 7/31/2001

The Turkish minister of state Tonja Toskai said that the infrastructure for the return of the economic relations volume of his country with Iraq as it was before the year 1990 has become ready.

Meantime, the Iraqi oil minister Amer Rashid indicated that the volume of commercial exchange between the two countries is USD 2 billion and will be USD 3 billion very soon.

In statements to the press, the Iraqi minister expressed his optimism over Ankara's rejection of the American pressures concerning the " smart sanctions" project, stressing that his government has started to understand the importance of bilateral relations and the need not to be obliged by pressures of foreign states whose interests are not served because of these relations.

The Iraqi minister explained:" we know that America, Britain and the Zionist forces will try to re-debate this project by various means during the coming months in order to convince the world public opinion. But we will confront that and fail what is called the 'smart sanctions' if it will be published through the UN Security Council or not." The Iraqi minister also stressed the need of expanding and verifying trade relations between Turkey and Iraq. He concentrated on the project of installing a gas pipeline from Karkouk to the southern east of Turkey to be linked in future to the European line which will provide the European Union in the year 2010 by natural gas.

Rashid said that he hoped that political relations will be strengthened between the two countries and contribute to bringing together view points to solve their political problems.

The visit of the Iraqi oil minister to Ankara came despite the rejection of the US and its warning to Turkey over expanding its trade relations with Baghdad.

Previous Stories:
  Iraqi train to Turkey through Syria   (7/21/2001)
  Iraq to resume train trips to Turkey   (6/24/2001)
  An airline between Baghdad and Istanbul   (6/21/2001)

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