(GEN) TRADE AGREEMENT SIGNED WITH IRAQ, TURKISH MINISTER SAYS.ANKARA, Mar 25, 2009 (TUR tur: see ibex. ) -- Turkish State Minister for foreign trade Kursad Tuzmen said Turkey and Iraq had signed a framework agreement for a prospect of 20 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. trade deal which would allow a comprehensive integration of the two countries' economies. "We have signed a road map to follow for our future trade engagements. The two countries grant each other the most favored nation Most Favored Nation A privilege granted by one country to another whereby the products of the privileged country pay the lowest delivered duty paid charged by the granting country. status with the agreement which would allow free transit passages through borders and the removal of tariff and non-tariff trade barriers," Tuzmen told the AA. Tuzmen said Turkey proposed Iraq to cooperate on 20 new projects including the construction of hospital compounds, new railway routes and joint work on Iraqi oil fields. (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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