Dinar Iraq News
Kuwait describes Iraq as “a big market”
Posted: January 20, 2014
We look forward to be a trade and investment
cooperation between Iraq and Kuwait very important strategic goal for
both sides, and this in turn imposes on the business community in both
countries
Baghdad / follow-up the obelisk: counting, first deputy chairman of
the Chamber of Commerce and Industry of Kuwait Khaled Falcon, Iraq “a
big market for Kuwait” since
the start of trade relations, and because of the geographical proximity
and the potential and the enormous wealth possessed by Iraq.
Sages said in a press statement on the sidelines of a meeting with an
Iraqi delegation headed by Chairman of the Federation of Chambers of
Commerce Iraqi Jaafar al-Hamdani, at the headquarters of the room, he
was “looking forward to be a trade and investment cooperation between
Iraq and Kuwait, a strategic
goal of great importance to both parties, and this imposes a turn on the
business community in both countries efforts intensive to deepen
understanding, and absorbing the dictates of common interests. “
And the Falcon that the relations between the two countries have seen
over the past years significant developments most important visit Amir
His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to Baghdad in March
2012 for the first time in 22 years, to participate in the activities
of the Arab League summit, followed by the visit of Sheikh Jaber
Al-Mubarak Chairman of the Board Minister to Baghdad in June 2012, which
culminated in the signing of six agreements in the fields of diplomacy
in transportation, education, culture and the economy.
He Falcon to be representatives of the Chamber of Commerce and
Industry of Kuwait had were honored to meet with Iraqi Prime Minister
Nuri al-Maliki on two occasions, the first was in this place in June of
2006, and the second in the month of March 2012, reflecting such visits
the attention of senior leadership with our two open new horizons in
mutual relations in various levels, especially the economic front room
being represented by a representative of the private sector,
the initiative requires us to find investment opportunities and
business partnerships and work with a distinctive economic feasibility.
He said Falcon “follow admired footsteps of brothers in Iraq and
their successes in rebuilding Iraq and lay solid foundations for the
economic structure, sophisticated, and there is a remarkable development
in the economic and trade relations between the two countries since
landing the first aircraft to Iraqi Airways in February 2013 for the
first time since more than 22 years, and introduce direct flights
between the two countries, it will open up avenues for the development
of fast relations between the two countries in various fields of
economic, scientific, tourism and other areas and fields. “
He stressed Falcon that “the Iraqi delegation beginning a close eye
on the efficiency of the private sector Kuwaiti his skills and abilities
and financial investment, and
the gravity of the banking system in Kuwait, and the judicial system is
fair, and the great advances in the degree of economic openness and
development projects, oil, technical and industrial plan to be
completed, and from this point of view We open our arms as
representatives of the Kuwaiti private sector to our brothers in Iraq,
regardless of the location of the meeting in Kuwait or in Iraq for
serious cooperation. “
On the property of Kuwaitis in Iraq, the President of the Federation
of Iraqi Chambers of Commerce Jaafar al-Hamdani, said that “the Iraqi
cabinet raise referring ban for failure to act in estates and Kuwaiti
territory, with the possibility of reciprocity, to restore the decision
of the Council of Ministers eligibility acted property owners by what
they see, and the resolution gives freedom Kuwaiti citizen entitlement
of ownership and investment in Iraq. “
He said al-Hamdani said that “the volume of investments in Kuwait are
not very big, considering that Kuwaiti companies are still reluctant to
enter the Iraqi market investment,” hoping from this meeting that there
will be “some encouraging Kuwaiti investments pay to invest in Iraq.”
He said al-Hamdani, that “there is an exchange large trade between
the two markets of Iraq and Kuwait, where entering through the border
port of more than 400 trucks a day, supplying goods through Kuwaiti
territory or through the Mina al-Ahmadi, so we believe that what has
been achieved during the past years, the three major achievement through
exchange commercial, and we wish to develop this area of trade to the
biggest expansions in the coming period. “
He said al-Hamdani, the volume of bilateral trade amounted to 2.5
billion dollars until the end of 2013, that develops the figure in the
coming period is greater, compared to what you are doing Iraq from
exporting more than 500 thousand barrels of oil, and we look forward to
get to 5 million barrels per day, as that Iraq’s budget amounting to 140
billion dollars.
http://www.almasalah.com
<< Back