Trade Between Iraq and Turkey Exceeds $15 Billion as Investment Opportunities Grow

The Iraqi embassy in Ankara organized a seminar discussing entry visas for Turkish investors, reporting a trade volume exceeding $15 billion. Ambassador Majid Al-Lajmawi noted government efforts to ease visa procedures and attract investments across various sectors for 2025, with several officials and Turkish businessmen in attendance.

On Friday, the Iraqi embassy in Ankara hosted a seminar focusing on the process of granting entry visas to Turkish investors and exploring promising investment opportunities for 2025. Ambassador Majid Al-Lajmawi announced that trade between Iraq and Turkey had exceeded $15 billion. Notable officials in attendance included Muhammad Mufid Aydin, head of the Turkish-Iraqi Parliamentary Friendship Committee, and Fatma Yazkan, Director General of Immigration Policy at the Turkish Foreign Ministry, along with numerous Turkish businessmen.

Ambassador Al-Lajmawi emphasized that the Iraqi government is committed to simplifying visa procedures for Turkish investors, aiming to bolster economic cooperation and improve bilateral relations. He indicated that the embassy has made considerable efforts to obtain special exemptions to facilitate direct visa issuance to Turkish investors seeking opportunities in Iraq’s various sectors, which include energy, infrastructure, and technology.

The ambassador highlighted that the trade exchange volume between Iraq and Turkey has reached over $15 billion in 2024, excluding oil and its derivatives. The head of the Turkish-Iraqi Parliamentary Friendship Committee expressed appreciation for the Iraqi embassy’s efforts in facilitating visa processes and underlined the necessity of strengthening economic ties between the two nations.

Furthermore, the deputy head of the Parliamentary Investment Committee stated that 2025 is expected to see a rise in investment projects, with enhanced incentives for investors in renewable energy, manufacturing, and technological fields.

In summary, the seminar held by the Iraqi embassy in Ankara highlighted the strong trade relations between Iraq and Turkey, emphasizing efforts to streamline the visa process for Turkish investors. The commitment to enhancing bilateral economic cooperation and upcoming investment projects in various sectors were pivotal themes, alongside the significant trade volume exceeding $15 billion.

Original Source: ina.iq

About Marcus Chen

Marcus Chen has a rich background in multimedia journalism, having worked for several prominent news organizations across Asia and North America. His unique ability to bridge cultural gaps enables him to report on global issues with sensitivity and insight. He holds a Bachelor of Arts in Journalism from the University of California, Berkeley, and has reported from conflict zones, bringing forth stories that resonate with readers worldwide.

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