Iraq and the Gulf states largest global economic power

Iraq and the Gulf states largest global economic power


10/1/2014 0 


The government program calls for openness to the countries of the region
BAGHDAD Farah pumice
With Iraq begin a new phase after the formation of the government, headed by Dr. Haider al-Abadi, which has paid the economic side, the largest share of the program, what echoes received positive international and regional lead to open new horizons of cooperation in the economic views Alaguetsada.otry competent to Iraq and the Gulf states in cooperation with Iran could pose the biggest economic power in the Alm.ama experts and specialists ones find that these conglomerates achieved economic integration as is the case in the framework of the Convention on the Arab League to establish a free trade zone, as the intervention of goods to Arab countries signatory to this agreement, but the security situation and policy in the region constitute a stumbling block in the activation of these agreements and joint investments.
Chairman of the Federation of Iraqi businessmen Reza Ragheb stressed Blibl »Sabah», that «these conglomerates face barriers reduce these totals affecting the global economy». But he pointed to seek union through the provision of support to mobilize popular against terrorist attacks, with the competent authorities to remove obstacles and poor relations with some countries, especially that politics affect the economic relations Almstrkh.waodh that there are 16 strategy approved by the Council of Ministers, which is the point of turning the country back toward to its natural position, and implemented in the interest of the economy and services, security and stability in the region, stressing placed on a hot flame to fulfill its purpose desired to improve the economic reality, and thus improve economic relations with the countries of the world, for Iraq to be more powerful and presence.
The economic expert Zuhair al-Hassani he contended that the formation of blocs and economic relations with the countries of the region and the Arabian Gulf is an economically integrated in the global economy, what makes Iraq is able to attract foreign investment and to re-Arab infrastructure and get the economy moving and to address the structural defect is located.
He added that al-Hassani the Iraqi market and promising big, and attract attention depends on its stability in the region, which leads to the concentration of Iraq in the forefront of countries, thanks to its vast natural potential and cheap labor led to the achievement of economic integration.
He explained that the possibilities exist but the psychological readiness to achieve economic integration is not available because of the conditions of the region, it is also an obstacle in the face of foreign investment, noting that under the new government and opening regional, Iraq welcomes investments Gulf, which helps to overcome differences with some of the countries, along with the conclusion of a new cooperation agreements support the existing agreements, which helps to achieve the desired.
The Iraq signed 80 agreement with foreign countries and regional several, including Kuwait, Saudi Arabia, Qatar, Bahrain, Oman, and other related economic aspect, as it contains provisions different economic funding projects in the productive sectors of the diverse and provision of services in order to encourage protection of investment between the two sides, is laying the groundwork for the establishment of important partnership projects contribute to the advancement of economic reality, as well as 55 of the joint committee with the various countries of the world, according to the announcement by the Department of Foreign Economic Relations at the Ministry of Commerce.

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