November 21, 2021 | government

Turkish firms want to receive more shares in Iraq's rebuilding

Turkish contractors and consultancy firms can be a part of projects involving infrastructure, hospitals, schools and public buildings in Iraq, Nail Olpak, head of the Foreign Economic Relations Board (DEIK) said in Iraq, Daily Sabah Newspaper reports.

According to the report, this cooperation can be further facilitated by a reversal in discrimination regarding the conditions of fair competition, as well as the easing of processes required to do business, a Turkish trade official said Friday.

Olpak said that the main purpose of the organisation is to 'add a new angle to investment and commercial cooperation' between the countries.

The two countries' trade volume is currently around $17 billion, Olpak stated, and said that Turkey's share in Iraq's imports increased from 20 per cent to 27 per cent.


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