Britain embraces an Iraqi conference for trade and investment and its officials stress the need to hold trade agreements

07/05/2017 (00:01 pm) - Number of readings: 221 - Issue (3961)

Range / Zahraa Al-Jassem

Foreign Minister Ibrahim al - Jaafari, the strategy of the investment government is based on providing the necessary investment and cooperation climates with foreign investors to address the barriers they face, and among the Iraqi oil minister, that the great cooperation between foreign companies and the Ministry of Oil yielded the development of many refineries and provide many job opportunities especially in southern Iraq.

The Minister of Trade and Investment in Britain, that Iraq has a major role to play in trade between Britain and the region, and we believe that the year 2017 will be an important year for construction, as called for in the British House of Commons , a member of the need to hold important agreements on the commercial side between Iraq and Britain, during "Iraq trade and investment 2017" which concluded its work on Tuesday, in the British capital London conference in cooperation with the Arab - British Chamber of Commerce ABCC.

The conference , which included many Iraqi ministries and institutions and British companies, assured everyone through that opportunity today has become favorable and great investment on the ground in Iraq, where the Iraqi ambassador in London , Saleh Hussein Ali al - Tamimi in a speech opening the conference, that investments through agreements that could have that rise in Iraq after what happened to him from the terror and the destruction of infrastructure, adding: it is also an opportunity for the private sector the British to work with companies and the Iraqi institutions, especially since this conference includes workshops run by ministers and some officials in the ministries, to discuss relations with Iraq Tja RIA and commercial work the visa.

Foreign Minister Ibrahim al - Jaafari said during a speech at the conference, that Iraq after Daesh stage will have a wide open space for investment by international companies, requiring national and international efforts to establish stability and reconstruction, to encourage investors to enter strongly into Iraq, following: especially since the Iraqi government 's investment strategy is based on providing the necessary investment climates, while providing legal cover through the amended investment law, and cooperation with investors to address the obstacles they face.

In turn , said Minister of Trade and Investment British Craig Hans, that Iraq has a major role to play in trade between Britain and the region, was launched from there, astronomy, mathematics, medicine , and researchers in science and the arts, from silk to Europe that passes through Iraq as an important center of the world through , so we see that the year 2017 is an important year for construction, noting: that the main goal of the direction of the international economy in Britain, particularly with Iraq, find agreements on various topics , especially in trade and investment, Msttrda: We also will work to improve it through the international Monetary Fund , and we have interesting side Trade with Iraq, British companies are committed to contracts with the world and there is the presence of British companies in Iraq.

Hans went on, saying: The United Kingdom supports the ambition of Iraq's oil production, and we are ready to support Iraq in establishing peace, stability and investment, economy in Iraq is not only oil, there are other great and important and this is a responsibility common to all economic areas to do for their advancement.

British House of Commons member Andrew Mitchell, he stressed, that the great opportunities for the well - being for Iraq and trade exchange is very important, noting that this conference will result in holding important agreements on the business side , an important starting point in the service of Iraq, and in my opinion, that the Iraqi people deserve it, as His Majesty the Queen of Britain stands with Iraq as part of its support for the advancement.

On the other hand, Oil Minister Jabbar Allaibi to, that the great cooperation between foreign companies and the Iraqi Ministry of Oil, noting, there are refineries that have been developed and opened a lot of job opportunities, especially in southern Iraq, the export of products petrochemical refinery, and there are other contracts for the establishment of refineries, adding: we also have plans to develop filling stations and partially, and we wish the Iraqi private sector participation in it and we have good plans and there is a gradual shift from the public to the private sector between the ministry and other companies and the granting of facilities for the work of producers.

He Allaibi in his speech, that the Ministry of Oil held seminars for the development and exploration of gas with the presence of big challenges, but the Ministry has prepared a lot of studies of structural and building steps to improve the national oil company and the plan exists in the Iraqi parliament to work on increasing the capacity of which will be undertaken by the company, which we trust to have a capacity to do so, especially since Iraq relies on oil supplier is based in supplying the state treasury.

In turn, the head of the country 's Islamic Bank of Iraq, Aras Karim, in his speech, has been destroyed everything from industry to infrastructure in Iraq over the past years, and also reduced development as a result of terrorism, so Iraq needs to support other countries such as Britain, especially in oil and rehabilitation of the Iraqi human element, especially now that it is not used properly, though we can find a lot of Iraqi expertise and we are working to strengthen the private sector through it .

Director of Al - Hilal Iraqi Investment Majid Jafar between also, that our investments today 2.3 billion in energy and power generation sector is growing, and our logistic services or southern Iraq Palace more than 90%, all hands that Iraqi, as we seek to achieve the ecosystem, Greater utilization of the gas to provide electricity, and we seek to develop our economic relations of the Kingdom, especially since Iraq in the fifties of the last century negotiate on exports of oil, and were all imports come from Britain, so we focus on investing in local companies philosophy and the needs of the people, in addition to the need to build relations with British companies.

The British ambassador to Iraq , Frank Baker, had said Monday 03/07/2017, the need to enhance trade and investment between the UK and Iraq, because the strong economic relationship to help growth, jobs and prosperity in both countries.

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