Iraq, Türkiye to Elevate Security, Economic Ties after Erdogan Visit

Turkish President Recep Tayyip Erdogan, left and Iraqi Prime Minister Mohammed Shia al-Sudani shake hands as they attend a press conference, in Baghdad, Iraq, Monday, April 22, 2024. (AP)
Turkish President Recep Tayyip Erdogan, left and Iraqi Prime Minister Mohammed Shia al-Sudani shake hands as they attend a press conference, in Baghdad, Iraq, Monday, April 22, 2024. (AP)
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Iraq, Türkiye to Elevate Security, Economic Ties after Erdogan Visit

Turkish President Recep Tayyip Erdogan, left and Iraqi Prime Minister Mohammed Shia al-Sudani shake hands as they attend a press conference, in Baghdad, Iraq, Monday, April 22, 2024. (AP)
Turkish President Recep Tayyip Erdogan, left and Iraqi Prime Minister Mohammed Shia al-Sudani shake hands as they attend a press conference, in Baghdad, Iraq, Monday, April 22, 2024. (AP)

Turkish President Recep Tayyip Erdogan said relations with Iraq were entering a new phase after the neighbors agreed to cooperate against Kurdish militants, boost economic ties via a new trade corridor and consider Iraq's needs for access to scarce water.

Erdogan was in Iraq on a long-awaited visit, the first by a Turkish leader since 2011, following years of strained relations as Ankara ramped up cross-border operations against Kurdistan Workers' Party (PKK) militants based in mountainous, mainly Kurdish northern Iraq.

"I shared my belief that the PKK's presence in Iraq will end. We discussed the joint steps we can take against the terrorist organization PKK and its extensions targeting Türkiye," Erdogan said at a joint news conference with Iraqi Prime Minister Mohammed Shia al-Sudani in Baghdad.

The two countries agreed to a strategic framework agreement overseeing security, trade and energy as well as a 10-year deal on the management of water resources that would take Iraq's needs into account, Sudani said.

Sudani said the two countries would cooperate to bolster border security and act against non-state armed groups that could be working with terrorist organizations. He did not mention the PKK specifically.

An Iraqi government spokesperson said PKK members were welcome in Iraq so long as they did not engage in political activism or carry weapons. He did not elaborate.

The PKK took up arms against the Turkish state in 1984 and is designated a terrorist organization by Ankara and its Western allies. Türkiye has conducted a series of cross-border operations against the group in northern Iraq since 2019.

Ankara plans a new swoop on the militants this spring and has sought Iraqi cooperation, in the form of a joint operations room, as well as recognition by Baghdad of the PKK threat.

"Iraq must eradicate all sorts of terror," the Turkish presidency said in a statement after Erdogan held talks with Iraqi President Abdul Latif Rashid, the most senior Kurdish official in Iraq.

Rashid said Baghdad backed joint work to fight terrorism and was against its territory being used to attack any neighbors, But Rashid opposed any attacks on its soil.

Iraq has in recent months tried to assuage Türkiye’s concerns about the PKK while pursuing its own agenda focused on growing economic ties and increasing access to scarce water from the Tigris and Euphrates Rivers that originate in Türkiye, amid growing drought at home.

DEVELOPMENT ROAD

Iraq and Türkiye signed more than 20 MoUs during Erdogan's one-day visit on everything from cultural and agricultural cooperation to education and health, a statement from Sudani's office said.

Erdogan and Sudani also oversaw the signing of a four-way memorandum of understanding between Türkiye, Iraq, Qatar and the United Arab Emirates for joint cooperation on Iraq's $17 billion Development Road project, with Qatari and Emirati ministers in attendance.

Launched last year, the 1,200-km (745-mile) road and rail project aims to turn Iraq into a transit hub, connecting Asia and Europe with a link between Iraq's Grand Faw Port in the oil-rich south and Türkiye in the north.

Türkiye’s bilateral trade with Iraq was worth $19.9 billion in 2023, down from $24.2 billion in 2022, official Turkish data showed. In the first three months of 2024, Turkish exports to Iraq rose by 24.5%, while imports fell by 46.2%.

After meetings in Baghdad, Erdogan was set to travel to Erbil, the provincial capital of Iraq's semi-autonomous Kurdistan region, for talks with Iraqi Kurdish officials.



Syria’s Finance Minister Says Foreign Investors Welcome after US Sanctions Move

A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)
A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)
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Syria’s Finance Minister Says Foreign Investors Welcome after US Sanctions Move

A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)
A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)

Syrian Finance Minister Yisr Barnieh made a call to global investors on Wednesday to come do business with Syria after US President Donald Trump's surprise announcement that he would lift all of Washington's sanctions on the country.

"Syria today is a land of opportunities, with immense potential across every sector—from agriculture to oil, tourism, infrastructure, and transportation,” Barnieh said in an interview with Reuters at the Finance Ministry in Damascus.

"We envision a central role for the private sector in the new Syrian economy. The finance ministry's role is not to spend indiscriminately or act as a regulatory enforcer over businesses, but rather to enable and support growth."

A wall outside his office still bore the discolored outline of one of the many posters of former strongman Bashar al-Assad that used to hang in Syria's public buildings before his ousting by the Hayat Tahrir al-Sham (HTS) last year.

Changes in Syria have been swift since Assad fled to Russia in December of last year.

HTS commander Ahmed Sharaa was appointed president, formed a government and had quick success garnering Gulf Arab support and getting most European sanctions lifted.

The stunning turn of events was capped by a meeting between Sharaa and Trump in Riyadh on Wednesday after Trump's pledge to cease US sanctions imposed on Syria under Assad-family rule, measures widely seen as the biggest external obstacles to the country's economic recovery.

Trump has not set out a timeline for removal.

"One of the most critical outcomes of lifting sanctions would be Syria's reintegration into the global financial system," Barnieh said.

"This would allow us to restore financial flows and attract investments, which are urgently needed across all sectors,” he said, adding that Syrian authorities have already seen strong interest from Saudi Arabia, the UAE, Kuwait, Qatar, and several EU countries, among others.

He noted that the government is undertaking a comprehensive overhaul of public financial management, including reforms to the tax system, customs, and banking -- part of a broader effort to modernize an economy long burdened by an oversized public sector.

He also struck a cautioning tone, saying that the removal of sanctions would be just the first step in a years-long recovery for a country ruined by 14 years of war.

"The lifting of sanctions is not the final chapter," he said.

"We cannot afford to become complacent. We are entering a new phase that demands real results and visible progress on the ground."