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Turkey targets Iraq and Russia for exports

It would seem overly ambitious to say Iran or Syria will return to their former status as big trade partners in the near future, but there are others in Turkey’s sights


The real impact for Turkey lies in the harm done to its exports in the region: Libya, Syria and Iran – all big trade partners for Turkey – have been hit with UN-imposed sanctions. And trade with other countries in the throes of political change, such as Egypt, will suffer uncertainty for some time.


Ilhami Koc, chief executive of Is Investment, says:




“The Arab Spring has changed everything. We are exporting far less to the Middle East. But these markets will reopen and be rediscovered by Turkish corporates.”



For a special in-depth feature on Turkey, don't forget to check out the March edition of Euromoney magazine

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