New Turkish Consul Promises Business

The new Turkish consul general to Basra, Faruk Kaymiski, promised on Sunday that he would urge more Turkish companies to invest in the oil-rich province of Basra.

AKnews reports that Kaymiski, the successor of Ali Reza Ozcu, said that when the consulate was opened in 2007, its goal was to expand the economic and social horizons between the two countries.

"And this is what we are working for now. More Turkish companies are still willing to work in investment projects in Basra," Kaymiski said.

According to this report, Turkey is second only to Iran in the amount of trade done with Iraq. The trade volume between both countries reportedly rose to $8 billion USD (9.4 trillion IQD) during the first quarter of 2011, which would be an increase of 67.8 percent, compared to the same period in 2009.

(Source: AKnews)

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