Turkey Tops Kurdistan Region's Trade List
ERBIL, Iraq, April 23 /PRNewswire-USNewswire/ -- Trade in the Kurdistan Region of Iraq continues to grow, with Turkey topping the list as number one importer to the Region. Turkish Consul General Mehmet Aydin Selcen estimates Turkey's investment in the Region at $9 billion.
Approximately 80 percent of total goods sold in the Kurdistan Region come from Turkey, according to the Financial Times. Turkey also accounts for 55 percent of foreign companies registered in the Region.
"We want that the relations between both parties improve and that the Region becomes more peaceful," General Mehmet Aydin Selcen said. "On this way we want to make this border Region a centre for trade and transport," he added.
Already a strong economic relationship with Turkey in place, the Kurdistan Regional Government is now seeking additional opportunities outside the Middle East to further develop the economy.
"We have planned to expand our trade relationships with the European industrial states and U.S. companies to import goods and equipments due to high qualities of their goods," Kurdistan Import and Export Association Chief Mustafa Abdul Raman said.
The Kurdistan Import and Export Association also intends to send a delegation to France to negotiate deals for selling French products in the Kurdistan Region.
About the Kurdistan Regional Government
The Kurdistan Region is an autonomous region in federal Iraq. With a population of currently around 4 million and rapidly increasing, the three governorates of Duhuk, Erbil and Sulaimani cover approximately 40,000 square miles. The Kurdistan Region is considered to be the safest, most stable Region in Iraq, and it is host to an ever expanding number of commercial and trade initiatives. For more information, please visit www.krg.org.
This has been distributed by Qorvis Communications, LLC on behalf of the Kurdistan Regional Government. More information is available at the US Department of Justice, Washington, DC.
Source: Kurdistan Regional Government