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Iraq opens to the Gulf and Turkish markets as an alternative to Iran

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Iraq opens to the Gulf and Turkish markets as an alternative to Iran

Post by RamblerNash on Thu Aug 09, 2018 10:34 pm

Iraq opens to the Gulf and Turkish markets as an alternative to Iran

Twilight News

2 hours ago

Iraqi government sources announced on Thursday unannounced consultations with Saudi Arabia, Kuwait and Turkey to open up their markets.

The official Jordanian news agency quoted an Iraqi government source as saying that intensive consultations were being held by competent Iraqi government bodies with the concerned authorities in Saudi Arabia, Kuwait, other Gulf countries and Turkey in an attempt to open up their markets and compensate for the shortfall due to the imposition of US economic sanctions against Iran on August 6.

He added that Iraq's goal of the new openness is to meet the need for energy sources and consumer goods, to avoid any negative repercussions in the internal markets of Iraq.

Bank transfers between Iraqi and Iranian banks have been suspended and commercial movement paralyzed by US sanctions on Iran.

Iraqi Prime Minister Haidar al-Abadi said last Tuesday that he would abide by US sanctions against Iran to protect the Iraqi people.


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