Tutku Ayvaz ANKARA - Referans
After a seven-year absence, Forum Fairs and Promotions Co., which was founded in 1993, has announced it will organize seven fairs in Iraq throughout the rest of the year.
The fairs, which will be held in Baghdad starting September, are aimed at providing new opportunities for small- and medium- sized enterprises in the reviving Iraqi market.
The fairs will focus on a range of sectors: construction; health care; textiles; furniture; durable consumer goods; machinery and agricultural products. Meanwhile, the 36th Baghdad International Fair, managed by the Iraqi Ministry of Trade, will be held between Nov. 1 and Nov. 10. The fair will gather many industries, from construction to telecommunications and white goods to agriculture, under one roof.
The restructuring process in Iraq is gathering pace, according to Bilgin Aygül, chairman of Forum Fairs and Promotions. Ziraat Bank’s decision to open a branch in Baghdad was also a very positive move, he said. “Iraqis who left their country during war are returning and investing in the country. In this environment we have decided to organize fairs focusing on the immediate needs of the Iraqi people during the reconstruction period.”
According to data obtained from the Undersecretariat of the Foreign Ministry for Foreign Trade, the trade volume between Turkey and Iraq has risen to $5.2 billion. That figure stood at $941 million in 2003. Turkey’s exports to Iraq during the first five months of the year reached $2.1 billion, up from $1.2 billion in the same period last year.
Although Turkey’s exports to many countries declined as the global economic crisis deepened causing recession in some of Turkey’s usual export markets, Turkey’s exports to Iraq rose 80 percent. Forum Fairs expects Turkey’s exports to Iraq to reach $7 billion by the end of this year and $ 15 billion by the end of 2010. The total value of the projects developed by Turkish construction companies in Iraq during the first three months of the year reached $320 million.