Categories ArmeniaNewsWorld

Iraq Planning to Import Armenian Cooking Oil Due to Tensions with Turkey

BAGHDAD — Iraq’s government is reportedly considering importing cooking oil from Armenia instead of Turkey because of its mounting political tensions with Ankara, Reuters reports.

A trade ministry spokesman said the administration will gradually cut imports of Turkish cooking oil that it supplies for free to the population under a food rationing programme. “The plan is to replace Turkish oil with locally produced oil and oil from other countries,” he said, without indicating the reason for replacing Turkey with other suppliers.

According to the Baghdad-based newspaper “Al-Bayina al-Jadida,” the measure is meant as a protest against the deployment of Turkish troops in northern Iraq.

Turkey says the forces are protecting its military personnel training Iraqi militia to fight against Islamic State militants. Turkey last week said it withdrew some forces, following Iraq’s complaints, without committing to a complete pull-out.

Iraq’s acting Trade Minister Mohammed Shia al-Sudani discussed the possibility of buying cooking oil from Armenia instead of Turkey at a meeting with the Armenian ambassador in Baghdad, Karen Grigorian, last week, a spokesman for al-Sudani told Reuters. An official at the Armenian Embassy in Baghdad confirmed the meeting took place without giving further details.

Turkey has been supplying all the cooking oil for the Iraqi trade ministry’s food rationing programme for several years, the ministry spokesman said.

The Iraqi-Armenian discussion on the possible Turkish import substitution is in tune with rapid growth in bilateral trade mainly carried out through Iran. According to the NSS, Armenia’s trade with Iraq soared by 39 percent in 2014 and by 22 percent, to $104 million, in January-October 2015.

Armenian exports to Iraq accounted for over 98 percent of the overall commercial exchange, rising by as much as 65 percent to $102 million in the ten-month period, NSS data show. Armenian cigarettes are by far the most important item in those exports. The Iraqi market generated over two-thirds of the Armenian tobacco industry’s total export revenue which stood at about $117 million in 2014.

MassisPost

Share
Published by
MassisPost

Recent Posts

Council of Europe Praises Armenia’s Anti-Money Laundering Progress but Highlights Remaining Gaps

BRUSSELS -- In a new report, the Council of Europe’s anti-money laundering body, MONEYVAL, commends…

14 hours ago

Old Ideas, New Discoveries: Armenian Statistical Methods Find New Applications in Astronomy and Cosmology

YEREVAN  – Scientific ideas sometimes have to wait decades for technology to catch up. Statistical…

14 hours ago

Education Minister Zhanna Andreasyan Participates in Transforming Education Summit+4 in Paris

PARIS -- Armenian Minister of Education, Science, Culture and Sports Zhanna Andreasyan participated in the…

15 hours ago

U.S. Engineering Firm Surveys TRIPP Project Site

MEGHRI -- The U.S.-based engineering and consulting firm AECOM has surveyed the site of the…

15 hours ago

Armenia’s First Remote Robotic Surgery Successfully Performed at Slavmed Medical Center

YEREVAN -- Slavmed Medical Center has taken another major step forward in Armenia’s healthcare sector…

1 day ago

Implementation of TRIPP Project Directly Serves Iran’s Interests, Pashinyan Says

YEREVAN -- “We will work with Iran, Russia, Georgia, Azerbaijan, Turkey, the European Union, Central…

1 day ago