Turkey assesses losses from Iraqi market
Turkish officials, politicians and traders are trying to calculate Turkey's losses in the Iraqi market after the ISIS takeover of Mosul and other Iraqi cities.
Official and non-official bodies involved with foreign trade are trying to calculate the losses sustained by the Turkish economy following the operations by the Islamic State of Iraq and al-Sham (ISIS, now also known as the Islamic State) in Iraq and predict what is to come. In addition to the government, the main opposition party the Republican People's Party (CHP), Union of Chambers and Stock Markets of Turkey (TOBB) and Exporters Assembly of Turkey (TIM) have set up working groups to study the matter.
The Ministry of Economy is in direct contact with private firms to learn their losses in the Iraqi market and devise ways to overcome the blockage on exports to the south of Iraq.
The ministry asked companies to "urgently report their problems in logistics, transport and collection of payments and whether any of their orders have been canceled.” The ministry also wants to know whether companies can fulfill their obligations and which items' orders have been most often canceled. The information gathered is to be shared with an Iraqi crisis desk at the Foreign Ministry.
Iraq sets back increase in national exports
