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Economic prospects from America to Türkiye
Economical 04/28/2024
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What is the economic horizon between the visits of an Iraqi summit to the United States and a Turkish summit to Iraq at similar timings with a difference in location and to and from?
Last week witnessed the visit of a high-level delegation led by the Prime Minister to the United States of America, while a high-level Turkish delegation led by the Turkish President visited Iraq following the end of the visit of the Iraqi delegation. It is also a mere coincidence in timing.
What is important for specialists on this page is to read and analyze the economic horizon behind these two important visits.
In this article, I will focus on the economic aspect that specifically targets the private sector, highlighting its importance and presenting it in the various offers on economic cooperation arrangements between America and Iraq on the one hand and between Turkey and Iraq on the one hand.
Five years ago, specifically in the year 2019, I wrote an article titled Investment Ambassadors. The Prime Minister at that time accompanied 70 businessmen on his visit to Saudi Arabia. I called them “Investment Ambassadors,” and it was a truly remarkable initiative.
No one had implemented it before this date, with a number of those included in the delegation diagnosing that they may not necessarily represent a real private sector.
This recollection brings back the memory of how much we here in Al-Sabah Economy issued calls to include in official delegations real businessmen working in the investment and development sector.
Today, the Iraqi delegation to the United States has included an elite group of businessmen, but the difference between the two stages is that meetings took place this time between Iraqi businessmen and American companies, as well as a meeting between the Prime Minister and expatriate Iraqi businessmen in the diaspora. In this regard, I note that an article was issued to me last year. It was titled (Dear President, where are you among the expatriates?) and the response came with active participation.
What is important is that what resulted from this visit and meetings was that preliminary agreements and partnerships were signed in which the private sector had the lion’s share for the first time, and here lies the remarkable economic horizon from the visit, while emphasizing that it is more important to transform these agreements into actual implementation on the ground because what matters is the results, so we will follow the results. Later, we will see and judge whether the visit achieved its (economic) goals. This is the purpose of the page and my specialty as an independent person interested in economic affairs.
As for the visit of the Turkish delegation to Iraq, at a close timing, it indicates the same economic horizon targeted behind the visit, especially with regard to partnerships and the implementation of economic projects by giving a role to the Iraqi private sector. The conclusion and impression that came out of the two visits is that this government tried to correct the path of construction, reconstruction and development by opening up to All countries of the world. But the question remains: Will we be able to exploit the opportunities of this economic horizon so that we can say that Iraq is the center of attraction for the world’s economies so that we can follow, monitor and see?
Will our wishes come true? We just have to be optimistic and hold on to hope.
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