Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Mohammed S Al Sudani witnessed the signing ceremony in Baghdad, where the former prime minister is on an official visit. Qatari and UAE ministers also attended the event.
Cooperation between Iraq and Turkiye in major economic projects is also placed on the negotiating table. Iraqi and Turkish officials signed 24 MoUs during Erdogan's one-day visit.
Iraq, Turkiye, Qatar and the United Arab Emirates recently signed a Memorandum of Cooperation on the Development Road project, a $17 billion initiative launched by Iraq last year to connect The country's Grand Faw port by rail and road reaches the border with Turkiye. The 745-mile road and rail project aims to transform Iraq into a transit hub, connecting Asia and Europe.
The 1,200-kilometre (745-mile) road and rail project aims to transform Iraq into a transit hub, connecting Asia and Europe with a link between a major cargo port in the oil-rich south of the country and Turkiye in the north, Turkish media reported.
In the first three months of this year, Türkiye's exports to Iraq increased by 24.5%, while imports decreased by 46.2%.
Fiber2 Fashion News Desk (DS)
