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The Turkish finance minister said on Saturday that Turkey and Iraq should sign a free trade agreement.

Turkey's Finance Minister Mehmet Simsek said what Turkey and Iraq should do from now on was to sign a free trade agreement.

"Thus, we will have the opportunity to implement previous agreements in a better way," Simsek said during the Iraq-Turkey International Energy and Trade Arena in Istanbul.

Simsek said Iraq needn't be afraid of a free trade agreement as two countries had industries complementary to each other.

"It will not be a surprise to foresee that Turkey will have a significant contribution to Iraq's reconstruction in coming years," he said.

Simsek said Turkey was willing to contribute to Iraq's development, and have a cooperation also in transfer of technology.

A stronger Iraq would strengthen Turkey, he also said.

Simsek said Turkey was one of the countries that would have the greatest advantages from regional stability.

"We look into our relations with Iraq within the framework of win-win principle, and our government is determined to boost our relations with Iraq," he said.

Simsek said Iraq could still have security problems, but it was strong enough to overcome them and create a safe investment medium.

The Turkish minister also said Turkey was ready to share its experiences,particularly in investments, with Iraq.

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