Britain supports Iraqi government’s steps to attract investment

The United Kingdom confirmed Tuesday its full support for the Iraqi government’s steps to attract investment. ”
“The political and media attention focuses on Kirkuk and the fight against terrorism,” the ambassador said in a statement
“It is important not to lose sight of the broader challenges in Iraq, including economic challenges such as growth promotion, job creation, infrastructure reconstruction as well as the need to boost trade and attract foreign investment.”
“The Baghdad International Fair, which lasts from October 21 to 30, aims to attract foreign investment through the agreement of Iraqi companies with international suppliers and investors, and the Government of Iraq hopes to encourage more flows of goods, services and capital between Iraq and its neighbors and the world; Fully supported “.
“We want to see a prosperous Iraq at the heart of an open and successful regional economy in the Middle East,” he said.
“Foreign investors still have concerns about the local business environment, including bureaucratic difficulties, timely payments and security.
While we encourage UK companies to seize opportunities in Iraq through concrete measures such as our agreement with the Iraqi government to provide up to £ 1 billion in export financing annually to support infrastructure projects, we are also pressing the Iraqi authorities to do more, enhance transparency and address corruption. Strengthening governance. With these steps, Iraq can strengthen its business environment, support livelihoods and build a more prosperous future. “

https://en.economiciraq.com/2017/10/2...ct-investment/