Turkish delegation proposes Turkish investment in return for Iraqi oil

BASRA - Anatolia News Agency
Friday, October 30, 2009

Turkish State Minister for Foreign Trade Zafer Cağlayan reiterated a proposal to finance Turkish investments in Iraq in return for Iraqi oil, reported Anatolia news agency.

"I would like to re-state our proposal: Iraq can give Turkey oil in exchange for the financing needed for Turkish investments here," Zafer Cağlayan told a business forum in the Iraqi city of Basra.

Cağlayan said their main goal was to bring more investments into Iraq instead of selling more goods to the country.

"There are eighty businessmen accompanying us in our visit here and they are willing to make investments in construction, tourism, food and service sectors," Caglayan said, adding that Turkey placed special importance on its trade with Iraq.

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