Source: Moj News
Iraq's Kurdistan Region depends on neighboring countries Iran and Turkey for many of its goods, Kurdish Globe reported.
Iran and Turkey are the Region's main suppliers of goods and trade is around $10 billion dollars a year, and rising. Around 80 percent of goods in Kurdistan Region come from either Turkey or Iran.
Kurdistan Region has around 1,200 foreign companies investing in the Region, and more than half of these are Turkish. The Region also has dozens of Iranian companies.
Other than exporting clothes and consumer items, Iranian and Turkish companies build apartments and roads in the Kurdistan Region. After 20 years of KRG, the Region still relies almost exclusively on imported goods and raw materials, making it a net importer.
Most goods come over the border crossings with Iran and Turkey, but some goods come through Erbil and Suleimaniya airports.
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