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Iraq and Egypt are seeking economic integration
1/15/2017 0:00
[rtl]BAGHDAD / Farah pumice
with the imminent entry of agreement signed by the Iraqi government with the Egyptian private supplying Egypt one million barrels per month of Basrah Light into force counterpart, saw a financial expert said the move could verify Iraq 's targets andeconomic benefits if invested properly.
Two forces Aguetsaditan
predicted expert Thamer al - Azzawi to see economic relations between Egypt and Iraq quantum leap after the implementation of this agreement, as it is an important economic areas two great countries in the region and that they can work to bring economic integration to the benefit of both countries.
He said al - Azzawi , the "morning", that "Iraq could have exported more oil to Egypt in accordance with the terms of payment of a simplified and deduct reasonable Mali, which will push Cairo to engage with Baghdad in partnerships, especially that Egypt is the state 's number one in the region in industrial production from steel and agricultural products, among others.
benefit from the expertise
and expert suggested on Iraqi officials to attract Egyptian expertise to revive the factories and the Iraqi laboratories and not labor brought only, urging them to sign a trade and finance new agreements previous ones and activation, as well as to benefit from the experiences of Egypt in port management and development .
the Iraqi ambassador to Egypt , Habib al- Sadr said last week: "We highly appreciate the stance of Egypt and its support of Iraq 's Arab and international levels and their contribution in the war against terrorism , " stressing that " the development of Iraqi - Egyptian relations of great interest on the part of the two countries." he
also noted on reconstruction in Iraq, to "the presence of Iraqi cities completely destroyed, and after the expulsion of " Daesh "soon from these cities, you need to rebuild, the Iraqi government is considering ways of attracting labor and Egyptian companies to participate the reconstruction process."
possibilities are available
and according to observers, the economic and trade relations between Iraq Egypt has seen over the last period is relatively weak, although there is the possibility of code is the status of diversity that characterized the economies of both countries can contribute to the advancement of these relations and exchange commercial industrial, agricultural, energy, tourism, construction and other investment, especially that these relations governing the bilateral and multilateral agreements the Executive Protocol Duo and the Great Arab Free trade area or in a representative range of the Islamic Organization of the Islamic Conference.
Positive indicators
and pointed to "the existence of indicators for future development of these relations in a manner expected to Egypt represent a relatively advanced rank among the client Arab countries economically and commercially with Iraq, and perhaps the factors that establish to build a blessed and stronger political will at the highest levels in the two countries clear in this and the desire for relationships trade and economic relations and the interest of the two countries , searching for activating these relations mechanisms, in addition to having a good frame agreements for economic cooperation and regulate trade relations between the two countries. "
Agreements and memoranda of understanding
and the two countries signed agreements and memorandums of economic understanding after 2003 , namely: a memorandum of understanding on cooperation in the electricity and energy areas, a Memorandum of Understanding in the Housing, Utilities and Urban Communities areas, an initiative of the strategic cooperation between the Republic of Iraq and the Arab Republic of Egypt in the oil and gas company, (9) Notes signed during the visit of Egyptian investment delegation to Baghdad in 2009, an executive protocol for the establishment of a free trade zone between Egypt and Iraq is still in effect, a memorandum of understanding in the field of organization and participation and the creation of contracting and construction and consultancy offices companies, a memorandum of understanding for scientific and technical cooperation in the field of agriculture, a memorandum of understanding in the field of communications, a memorandum of understanding in the field of tourism cooperation, a memorandum of understanding in the field of social insurance, a memorandum of understanding in the field of air transport[/rtl]
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