Market Forces Committee recommends Iraqi-Turkish forum in Baghdad

 
Baghdad – INA
 
The Market Forces Committee, formed by Prime Minister Mohammed Shia' Al-Sudani, recommended on Monday the organization of a joint Iraqi-Turkish forum in Baghdad.
 
According to a statement from the committee received by the Iraqi News Agency (INA), the Market Forces Committee—formed under a presidential decree—includes representatives from Iraqi Private Banks League, the Union of Chambers of Commerce, the Iraqi-Turkish Business Council, and the Union of Iraqi Contractors. The committee hosted the financial advisor to the Prime Minister, Dr. Muthar Mohammed Saleh.
 
The committee recommended enhancing economic relations with Turkey by holding a joint Iraqi-Turkish forum under the patronage of the Prime Minister during the upcoming visit of the Turkish Minister of Trade to Baghdad in November.
 
The statement emphasized the committee's focus on supporting the establishment of the International Development Road, which aims to facilitate significant advancements in international transport and industry, contributing to the private sector and positioning Iraq as a strategic corridor between Asia and Europe.
 
The committee highlighted the importance of addressing issues faced by the Iraqi and Turkish private sectors, particularly those related to financial transfers, customs, entry visas, and other matters that would enhance economic relations, asserting its openness to collaboration with all Iraqi and Turkish market forces.
 
Earlier, Prime Minister Mohammed Shia' Al-Sudani directed the formation of an Iraqi-Turkish committee to organize trade and strategic partnerships between the two countries, support Iraqi traders' imports in dinars, and initiate direct dialogue regarding "equivalent transactions" through direct negotiations with the Turkish Exporters Union and the Central Bank of Turkey, in coordination with the Central Bank of Iraq. This comes in response to the Turkish side's strong desire to conduct transactions in local currency to finance part of the four baskets supporting prices (food, pharmaceutical, construction, and spare parts) proposed by the Prime Minister in his policy aimed at stabilizing prices in Iraq.