Turkish Iraqi Relationships and Signs of Shining Future

The wide border extension had the largest positive impact on Turkish-Iraqi relations since the beginning of the last century. The length of the common border between the two countries has reached more than 350,000 km. This made the two countries a single unit, not separated by language or culture. We should also mention that the Ottoman Empire ruled Iraq for decades, for that reason the common history between them would be the strongest connection between the two peoples. Then colonialism would come later and convince the world that Iraq and Turkey are nothing but two neighboring countries ruled by international relations and the artificial iron fence. But did colonialism succeed in that? This is what we will explain next.

Turkish-Iraqi Joint Relationships:

Since 2005 until now, Turkish-Iraqi relations have been ruled by many factors, from both investment and economic aspects. With the beginning of the new millennium, Turkish companies flooded northern Iraq with their huge investments and projects. Which brought a great benefit to the Iraqi people by providing job opportunities and improving service sectors in it. In addition, Iraq is considered the best consumer market for Turkish products.

With the increasing volume of Turkish investment in Iraq, many Turkish investors were forced to migrate and settle in northern Iraq. In return, the Turkish government would offer many measures aimed at strengthening the relationship between the two countries. Many facilities and privileges were provided to the Iraqis, specifically after the US invasion of Iraq, which prompted Iraqis to migrate to it, so that the Iraqi community today is the second-largest community residing in Turkey.

Iraq is Turkey's Strength Point:

No matter how much Turkish influence expands in the world, Iraq remains the most important point and a source of safety for it. Iraq is the largest and closest source of energy for Turkey, due to the extension of hundreds of oil wells along the border between them. With the emergence of the Kurdistan region in northern Iraq, the Turkish government was able to make the region the largest market for its products and force it to reduce customs duties in order to achieve an additional gain for it.

The Turkish-Iraqi relations maintained calm with the increase of Turkish influence in Iraq and the increase in the number of Iraqis residing in Turkish territory. This allowed Turkey to build several military bases on Iraqi lands, in order to maintain its stability in the region. And also, to be able to control the attacks carried out by the PKK on the Turkish borders.

Trade Volume Exchange between the Two Countries:

The biggest credit for the growth and prosperity of northern Iraq is to Turkish companies, which are the second-largest investors in it. In addition to its construction of many hotels, residential complexes, and hospitals, the entry of many Turkish chemical and oil companies into Iraq, and the construction of giant factories there.

On the other hand, Iraq has been able to provide Turkey with raw materials in many industries such as energy, food, and textile products. And also, the export of livestock, animal products, and natural fertilizers. The value of trade exchange between the two countries will be more than 20 billion dollars during the year 2020 only. The growth of the volume of investment between the two countries has been observed at the beginning of 2021.

Real Estate Investment in Turkey:

The facilities granted by the Turkish government to Iraqi investors in the real estate market had the primary role in providing an ideal environment that would ensure the prosperity and growth of this sector. So that the Iraqis would at the top foreigners that own real estate within Turkish. This is because the Turkish government allows them to own property within its territory. Turkish real estate sector is the most preferred investment option to Iraqi investors, as it is the safest and most profitable sector for them, in addition to the availability of many offers that suit all investors, regardless of the size of their investment budget.

The Future of Turkish-Iraqi Relations:

All factors confirm the stability and prosperity of Turkish-Iraqi relations. Iraq is the most importer among neighboring countries for Turkey. The numbers of the Iraqi community in Turkey, as it increased dramatically in recent years, as a result of the facilities that the Turkish government provides permanently. In addition to the fact that many of them obtained Turkish citizenship, which encouraged Iraqis to invest in the Turkish market so that Turkish-Iraqi relations were directed towards prosperity, which would ensure the growth of the two countries in the near future.

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Do not forget that investing in real estate in Turkeyis only a way to gain Turkish citizenshiporreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.