Turkey and Iraq Economic Partners
A few days ago I had mentioned the trade between Iraq and Turkey has reached 10 Billion dollars. Today the 4th of June the Turkish papers are saying the same thing.
Possible attack on PKK in Iraq would hurt regional economyAs Turkey prepares for a possible attack on the outlawed Kurdistan Workers' Party (PKK) in Iraq, residents along the border are bracing for the negative impact of any military action on cross-border trade. "This border is my only hope," said truck driver Süleyman Gidim, who was ferrying gasoline to US troops to Iraq and has a family of seven to feed. The economic fallout of an attack could be huge for both sides: Turkey provides electricity and oil products to the Iraqi Kurdish administration, and the annual trade volume at the Habur Gate crossing is more than $10 billion. The Turkish military has been building up forces along the border, where separatist militants cross from safe havens in Iraq to carry out attacks.