Iraq and Turkey: A Move Towards Stronger Economic Ties
In the backdrop of an evolving global landscape, Iraq and Turkey are forging a path towards stronger economic and financial ties. A high-profile delegation from Iraq is set to journey to Ankara, Turkey, to discuss three key economic and financial files. This move is aimed at bolstering bilateral relations and cooperation between the two neighboring nations across diverse sectors.
Fostering Economic Stability
The Iraqi delegation, comprising the financial advisor to the Prime Minister, officials from the Iraqi Central Bank, and bank managers from Iraqi financial institutions, is poised to negotiate with Turkish banks. One of the primary objectives is to establish correspondent accounts for Iraqi banks in different foreign currencies. This step is anticipated to facilitate settlements between the two countries and overcome any obstacles hampering this process.
Enhancing Accessibility
Another focal point of the discussions will be the potential simplification of the use of credit cards for Iraqi residents and tourists in the Turkish banking market. This initiative could pave the way for smoother financial transactions and potentially boost tourism and business relations between Iraq and Turkey.
Strengthening Regional Partnerships
A high-level delegation from the Kurdistan Regional Government (KRG) is also scheduled to make a trip to Baghdad. The team aims to address critical issues surrounding the salaries of KRG employees, the KRG’s share of the federal budget, and the resumption of oil exports from the Kurdistan region and Kirkuk via the Turkish port of Ceyhan. The delegation will strive to ensure the constitutional rights of the people of Kurdistan, particularly those receiving salaries.
These meetings between Iraq and Turkey underscore ongoing diplomatic efforts to enhance regional partnerships and economic ties. While the specific details of the files under discussion remain undisclosed, they likely encompass trade, investment, and other financial collaborations that could foster mutual economic growth.
https://bnn.network/world/turkey/iraq-and-turkey-a-move-towards-stronger-economic-ties/
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