Government endeavors for economic partnerships with neighboring countries

Baghdad / Farah Al-Khafaf
The expert, Ibrahim al-Saadi, told Al-Sabah: "Iraq, after its victory from the battle of Mosul, has become the confidence of the whole world. , Including the neighboring countries, which began to race for cooperation and open new frameworks of trade and investment with him ». "The importance of investing these victories achieved by the planning and leadership of Prime Minister Dr. Haider Abadi, who also seeks to turn the results (victories) on the file of economy and construction and reconstruction."

The Minister of Industry and Minerals Agency Engineer Mohammed Shia al-Sudani discussed with the Syrian Ambassador to Iraq Sattam Jadaan cooperation in the economic and industrial fields. An official source said in a press statement: "The Sudanese and Jid'an discussed bilateral relations and strengthen economic cooperation between the two countries, especially in the industrial field. The Syrian ambassador presented the Minister of Industry with an invitation to participate in the Damascus Industrial Products Exhibition, expressing his desire to participate actively in this exhibition through Industrial companies and display their products through the pavilion allocated to Iraq ».

The minister also discussed the possibility of "a partnership between the Iraqi and Syrian companies, especially that there are industrial sectors active and developed in Syria despite the political crisis and the circumstances of war." During his meeting with the Deputy Minister of Industry, Trade and Mines of Iran, the Sudanese official, Mr. Masoudi, discussed the aspects of joint cooperation and investment opportunities. The Minister of Industry, "the need to upgrade the level of relations between Baghdad and Tehran in all areas and at all levels of political, security and economic presence of many participants between the two neighboring countries," noting that "Iraq has faced difficulties and major challenges because of the economic crisis as a result of low oil prices, .

He pointed out that "the government has been able to meet these challenges and take steps through the launch of the national strategy until 2030 to promote the industrial sector and activate its role in support of the national economy," stressing "seriousness of the Iraqi side to implement joint projects with the Iranian side through rehabilitation and modernization and development and investment. He also stressed the readiness of the ministry to receive a technical delegation from the Iranian side to see in detail the opportunities that were put forward during the meeting, directed to provide them with the provisions of the law issued by the General Authority for Taxes, which includes the paragraphs of tax exemption for the investor in case of obtaining an investment license.


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