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(ECO) TURKEY'S EXPORTS TO IRAQ REACH 2.1 BLN USD IN FIRST 5 MONTHS.

ANKARA, Jul 8, 2009 (TUR) -- Turkey's exports to Iraq, which was around 1.2 billion USD in the first 5 months of 2008, increased to 2.1 billion USD during the same period of this year.

In an interview with A.A, Saban Bas, chairman of Adana Chamber of Commerce, said that Turkey's exports to Iraq was expected to reach 5 billion USD by the end of 2009.

Bas said Turkey's exports, which experienced a downfall in European markets due to the global economic crisis, was gradually reviving thanks to the increasing demand from Iraq.

"Our exports to Europe fell by 35-40 percent. Iraq is the way to increase our exports," Bas said.

He said all the sectors in Iraq had needs and demands as there was currently no production in the country.

"Iraqi businessmen and officials prefer Turkey both to import goods and get services thanks to the quality of products and services in our country. Turkish exporters feel happy again with such demand, especially after their loss in the European markets due to the economic crisis," Bas said.

According to the latest data provided by the Assembly of Turkish Exporters (TIM),Turkey's exports dropped 32.78 percent to 8.1 billion USD in June 2009 when compared to same month of last year.

Turkey's exports reached 43.8 billion USD in the first half of 2009.

(THROUGH ASIA PULSE)
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Publication:Anadolu (Eskisehir, Turkey)
Date:Jul 8, 2009
Words:231
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