Economic partnership high on the agenda

Sudani meets with Turkish trade minister to foster bilateral relations

BAGHDAD, August 29 — Prime Minister, Mohammed Shia’ Al-Sudani, stated on Tuesday that Iraq has the potential to become a hub for development and partnership with all neighboring countries. Al-Sudani spoke during a meeting with the Turkish Trade Minister, Omer Bolat, in Baghdad.

According to a statement from the Prime Minister’s office, the meeting aimed to review bilateral relations and explore ways to expand economic partnership and cooperation across various sectors.

Prime Minister Al-Sudani emphasized the importance of enhancing cooperation between the two countries, which share a longstanding historical relationship. He appreciated Turkey’s engagement with the country’s strategic development road project, recognizing it as a vital conduit for progress.

He also highlighted Iraq’s economic development policies and the nation’s potential to serve as a connection point and a region of growth and partnership for all neighboring states. He underscored the significance of reciprocal visits between Iraq and Turkey, reflecting both sides’ desire to advance relations on multiple fronts.

In response, the Turkish Minister conveyed greetings from President Recep Tayyip Erdogan to Prime Minister Al-Sudani, reaffirming Turkey’s commitment to supporting the strategic development road project. He recognized the project’s importance as a crucial global trade route and its role in enhancing trade between Iraq and Turkey.

The Iraqi Prime Minister also met with a group of Turkish businessmen in the presence of the Turkish Trade Minister. During the meeting, he discussed measures and reforms introduced by the Iraqi government to improve the business and investment environment in the country. He commended Turkish companies for contributing to development and infrastructure reconstruction in Iraq, particularly in the context of the development project.

Additionally, Prime Minister Al-Sudani highlighted the recently established Iraq Development Fund, following its approval in the budget law. He noted that the fund represents a novel approach in the economy, involving private sector participation in constructing infrastructure and delivering services. The government will provide sovereign guarantees for industrial and agricultural projects.