Iraq-Turkey Trade Up 50 Percent in Past Year

Trade between Turkey and Iraq increased by 50 percent to $9 billion in 2009, an Ankara official told reporters on Saturday in Erbil, capital of Iraq’s autonomous northern region.

“The volume of commercial exchange between Iraq and Turkey in 2009 was $9 billion, and in the same year Turkish companies signed investment deals worth a further $8 billion”, said the Turkish consul general to Erbil, Aydin Selcen.

In 2008, trade between the two countries reached $6 billion, up from $3.7 billion the previous year.

Excluding the oil sector, Turkey is the largest commercial investor in Iraq.

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