Iraqi Finance Minister Rafi Hiyad al-Issawi said that Turkey was the biggest trade partner of Iraq.
Speaking to the Anadolu Agency (AA) after attending the Seventh Turkish-Arabic Economy Forum in Istanbul, al-Issawi said that Turkey and Iraq signed many memorandums of understanding following an agreement on the Strategic Cooperation Council.
Such documents are crucial in order to activate cooperation. We are now taking new steps to boost the trade volume in the region. One of such steps is to sign a transit agreement between Turkey, Iraq and Jordan. In the second phase, a transit agreement between Turkey, Iraq and Saudi Arabia would be signed. All such agreements would attract investors to the region. Turkey is Iraq's biggest trade partner, al-Issawi noted.
Al-Issawi also said that Turkish Finance Minister Mehmet Simsek and he had a chance to talk about Iraq's debt to Turkey.
Touching on the developments in the Middle East, al-Issawi stated that the developments taking place in the region were to the benefit of the peoples.