Kirkuk Emerges as Key Link in Iraq's North-South Trade Boom
Kirkuk, a city in Iraq, is gaining prominence as a strategic link between the north and south of the country. This comes as Türkiye and Iraq aim to triple their bilateral trade to $30 billion. Turkish businesses are eyeing vast untapped potential in southern Iraq and Kirkuk.
The Development Road Project and Iraq's potential accession to the WTO are driving forces behind this increased trade. Turkish companies, traditionally involved in subcontracting, are now considering larger roles in Iraq's reconstruction. Opportunities abound in sectors like energy, production, construction, and healthcare.
The Development Road Project is set to create a crucial transit corridor, benefiting not just Iraq, but the Middle East, Africa, and Europe. Security concerns in some areas are expected to ease in the near future, further opening up these regions for investment. Despite the lack of historical records, Kirkuk's development as a bridgehead between north and south has been highlighted by figures like Halit Acar.
Iraq's other provinces, beyond the Kurdistan Regional Government, are now in focus for Turkish investments. With long-term benefits expected from these regions, Turkish businesses are poised to play a significant role in Iraq's reconstruction and growth. The Development Road Project and WTO accession are key enablers for this increased trade and cooperation.
