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Experts: The path to development requires global partnerships
Economical 09/16/2023
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Baghdad: Hussein Thaghb Al-Tamimi
Experts and those interested in economic affairs called for working to exploit the geographical location of Iraq, by investing in international rapprochement with Iraq and creating effective international partnerships that accelerate the completion of the stages of the development path, and make it a starting point for serving the national economy and global economies, as Iraq can be an economic center. An integrated system that provides benefit to the East and West of the world.
Economist Bassem Jamil Antoine said to “Al-Sabah”: “Iraq has become closer to the countries of the world than before, and the path of development is an important axis in the process of sustainable development that the country seeks, as bilateral relations have done with many countries in the east and west of the world, especially since companies “The specialists in these countries are aware of the position and importance of the Iraqi economy and its role in the global economic arena.” He pointed out that "Iraq can be a global industrial and commercial center, taking advantage of its geographical location, as products can reach the farthest markets within a short period, and this is an element of attraction for the largest international companies," pointing to "the importance of investing in Iraq's location on the world map by building The deep port and its connection to a road network that represents the dry canal linking Iraqi ports on the Gulf to the ports of the Mediterranean Sea.
Antoine stressed "the importance of working quickly towards investing in the geographical location and establishing advanced ports on the Arabian Gulf, and not slowing down in this direction, provided that this trend coincides with inviting specialized international companies to manage these ports and provide services at an international level to achieve economic feasibility." He stated that when investing in the geographical location of the country and completing the path of development, this leads to the creation of permanent financial resources, as global trade will arrive via ships and its cargo will be transported via a network of trains implemented for this purpose to complete the transfer of global trade as quickly as possible between the two poles of the world. In turn, the specialist in economic affairs, Khaled Al-Shammari, stated, “The importance of working hard to develop constructive plans to exploit Iraq’s geographical location on the world map, and to make Iraq’s view of the Arabian Gulf of great benefit to the country and to global trade.”
He pointed out that "working to establish a development path is extremely important and will achieve great economic benefit for the country," pointing out that "constructing high-quality highways and railways linking the south to the ports of Turkey and Syria is necessary for the country to enter a new phase that concerns all the economies of the world."
As for the specialist in economic affairs, Amer Naji Saleh, he stated “the necessity of activating the legal legislation that regulates the reality of work in Iraq, as the legal legislation represents the basis for providing guarantees that attract global efforts, especially since the Iraqi private sector possesses advanced expertise and the ability to overcome all the limitations that hinder its growth, as well as “The responsibility for economic development in accordance with constitutional legislation lies with the private sector.” He pointed out "the necessity of supporting mechanisms to advance the private sector, which has begun to take its real role in building economic sectors," noting that economic prosperity cannot be achieved unless there is a private sector capable of production and having projects and initiatives that have an impact on the economy, and there is “Signs that we find acceptable for the economy.”
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