Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

Surge in trade: Turkey to raise custom gates with Iraq despite ISIL insurgency

byCustoms Today Report
12/01/2015
in International Customs
Share on FacebookShare on Twitter

ANKARA:  Turkey will raise the number of custom gates with Iraq to four in order to feed the increasing demand triggered by surging trade with its neighbor, Customs and Trade Minister Nurettin Canikli has announced, despite the ongoing insurgency in Iraq.

Iraq, one of the major destinations for Turkish exporters, has been grappling with an extreme rise of violence since the Islamic State of Iraq and the Levant (ISIL) seized swathe parts of the country, dashing a blow to Iraqi-Turkish trade.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020

However, confident that the trade between countries is recovering in defiance of the ongoing chaos in Iraq, Canikli said projects are underway to open two new border gates, in addition to a completed gate, which raises the number of operating gates to two.

“The Üzümlü border gate has begun its operations and Derecik gate will begin soon; while we are preparing to open the Ovaköy gate,” Canikli told state-run Anadolu Agency.

The Habur border gate, through which 1.6 million vehicles pass annually, has not been able to meet demands for trade between Iraq and Turkey, which now have a trade volume worth $12 billion a year.

Canikli also announced plans to construct a third bridge at the Habur gate have begun. He said the traffic volume at Habur had reached 4,000 vehicles daily and the authorities expect this number to rise in defiance of the rising security concerns.

“The upper limit has been reached. Despite the developments and instability in the region, our exports and trade are continuing to rise every day. We expect a steeper rise in the upcoming period. That’s why we are raising the number of gates with Iraq,” he said.

Tags: custom gates with Iraqinsurgency in IraqTrade Minister Nurettin Canikli

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

Hong Kong ports' container throughput remains static at 2005 level

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.