Shafaq News..KRI seeks Turkish factories, cites $12B imports
⟶ The Kurdistan Region of Iraq (KRI) is seeking to attract Turkish factories to establish operations within its territory. This initiative comes in the context of KRI's significant import volume from Turkey.
Background
The Kurdistan Region of Iraq is looking to boost its industrial sector by drawing in foreign investment and expertise.
Why it matters
The KRI's pursuit of Turkish factories is directly linked to its substantial trade relationship with Turkey, highlighted by its reported $12 billion in imports. By establishing local production facilities, the KRI aims to potentially reduce its reliance on imports and foster economic growth.
Possible impact
The specific impacts of this initiative are not yet detailed.