Sign In / Up

Add contribution as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Comment as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Login

Not a member Register   Forgot Password
or connect using
 

Email

 

Rudaw

Turkey

Ankara offers $5bn credit for Turkish companies rebuilding Iraq

By Rudaw 3/2/2019
Turkish Foreign Minister Mevlut Cavusoglu gestures during a press conference in Ankara on January 14, 2019. Photo: AFP
Turkish Foreign Minister Mevlut Cavusoglu gestures during a press conference in Ankara on January 14, 2019. Photo: AFP
ERBIL, Kurdistan Region – Turkey is looking to boost its trade ties and investments in Iraq, planning billions in loans and high profile visits. 

“We will provide $5 billion in credit” for Turkish businesses working in Iraq, Turkish Foreign Minister Mevlut Cavusoglu said in a municipal meeting in Istanbul on Sunday, Anadolu Agency reported. 

The loan is to fund reconstruction of Iraq, which needs an estimated $88 billion to rebuild after the war with ISIS. 

Cavusoglu said Ankara also wants to increase its trade with the neighbour. 

Noting that trade between them decreased during the early years of war with ISIS, 2014 to 2016, he said the trend was reversed in 2017 and trade has continued to grow. He expects trade volume will reach over $12 billion in the next few years. 

Cavusoglu will pay a visit to Baghdad and Erbil in the coming days – though he did not specify a date – and President Recep Tayyip Erdogan is expected to visit Iraq sometime after the March 31 elections. 

Comments

 
Mohamedzzz | 3/2/2019
Turkey destroys first Iraq through ISIS and then offers $5bn credit for Turkish companies for rebuilding, what kind of diabolic neighbour is this Turkey.
human | 4/2/2019
it´s not up to turkey that depends on what big brother decide how, when , and turkey most save them self they have a big $ problem and it look economic collapse it s going to happend in turkey.

Be Part of Your Rudaw!

Share your stories, photos and videos with Rudaw, and quite possibly the world.

What You Say

Luigi Palermo | 3/26/2019 6:41:01 AM
America is already preparing for a Turkish occupation of Rojava letting Turks kill Kurds and occupy their land. America is responsible for any...
After ISIS – what next for the SDF?
| 23 hours ago | (1)
Sayjee | 3/26/2019 5:38:43 AM
Lets not blame all turks for these comments, but the biggest threat to "safety" since the crusaders has been turkish and tatar mamluks.
Stop killing Kurds | 3/26/2019 6:32:14 AM
America and the world used and abused the Kurds as sacrificial animals : 11000 Kurds killed, other 22000 wounded suffering without health care in...
‘No YPG forces’ in Syria safe zone with Turkey: US
| 21 hours ago | (5)
Heshmat | 3/26/2019 5:17:11 AM
Good, iraq always been inseparable part of iran for millenniums. Lets celebrate when iraq gets annexed to iran empire
Bridge linking Iraq to Kurdistan Region ‘may collapse at any moment’
| 20 hours ago | (1)
Jarrett | 3/25/2019 9:03:10 PM
As if there are really roads in Kurdistan specially between Dohuk Erbil and Erbil Suleimani, for some 20 years corrupt officials have embezzled...
Heavy rains block roads, damage homes in Kurdistan Region
| yesterday at 12:00 | (1)

Elsewhere on Rudaw

ISIS caliphate pounded with strikes in final 2 weeks: US-led coalition 2 hours ago |

ISIS caliphate pounded with strikes in final 2 weeks: US-led coalition

"In Syria, CJTF-OIR conducted 193 strikes more
Bridge linking Iraq to Kurdistan Region ‘may collapse at any moment’ 20 hours ago | (1)

Bridge linking Iraq to Kurdistan Region ‘may collapse at any moment’

"This may bring a catastrophe for us" more
‘No YPG forces’ in Syria safe zone with Turkey: US 21 hours ago | (5)

‘No YPG forces’ in Syria safe zone with Turkey: US

"Turkey feels very nervous about the YPG and more
0.406 seconds