Britain supports the Iraqi Government's steps to attract investment



24/10/2017


Economy news _ Baghdad

United Kingdom, confirmed Tuesday, full support for the Iraqi Government's steps to attract investment. "

The British Embassy in Baghdad quoted a statement to Ambassador stating, "economy" got a copy of it, that the "political and media attention focused on Kirkuk and fight ISIS, it is important not to lose sight of the broader challenges in Iraq, including economic challenges such as promoting growth and job creation Work, and rebuild the infrastructure as well as the need to promote trade and attract foreign investment. "

"The Baghdad international fair, which lasts for the period from 21 to 30 October being designed to attract foreign investment through a corporate agreement with Iraqi suppliers and international investors, and Iraq's Government hopes to encourage greater flows of goods, services and capital between Iraq and its neighbours And the world, which we fully support. "

He stressed that "we want to see a stable, prosperous in a heart open and successful regional economy in the Middle East."

He noted that "foreign investors still have concerns about the local business environment, these include bureaucratic difficulties, and receive payments on time, and security.

Although we encourage United Kingdom companies to seize opportunities in Iraq through concrete measures such as the agreement with the Iraqi Government to provide up to 1 billion pounds of annual export financing to support infrastructure projects, we also press the Iraqi authorities to do more.

Promoting transparency and tackling corruption and strengthening governance. In these steps, Iraq can enhance business environment, supports livelihoods and building a more prosperous future. "

Link