Economic relations between Iraq and France

Economic relations between Iraq and France



07/03/2017 0:00

Marc Baretti
will meet with a delegation of Iraqi businessmen with their counterparts in French as part of the work of the French-Iraqi Business Council meeting to be held in Paris on 6 July next. The meeting comes after a meeting in Baghdad between the two parties in December last. The next meeting is an opportunity to review bilateral economic relations, and dealt with sensitive files, as well as the perspective of a study to enhance exchange
and investment.
Unfortunately, trade relations between the two countries have seen a decline, in the difficult context of the overall Iraqi economy because of lower oil prices as well as the cost of the effort in the fight against Daesh. But far from this circumstantial problems, we see that economic relations have also declined due to a number of obstacles, where French exports face a ban on beef and poultry. Iraq still applies this prohibition, while the competent international organizations see that this measure is no longer justified. In France, the agricultural sector is vital and enjoys an excellent reputation globally, and any doubt in this regard , no matter how simple lead to take firm measures, taking into account respect for the strict international standards. On the other hand, is surprisingly, we see that the Iraqi market to refrain from buying French wheat, especially that it is characterized by low gluten rate known as a protective factor against different types of allergies. Keep these obstacles which are not related to prices is unjustified, while Iraqi officials have stressed their desire to overcome them, and this is a matter of surprise and raises many questions.
This applies even to non - oil investments, since France is the first European investor in Iraq. These investments collide constantly incomprehensible decisions, where exposure to risk and contrary to international rules. As part of his project to rebuild and diversify income sources, Iraq 's great interest in determining the rules are clearly in order to promote and protect investment. It will be the meeting of July 6 the next opportunity to raise these issues quite frankly through the building in order to overcome the obstacles of dialogue and open a new page for a dynamic new start for the exchanges between
our two countries. In order to attain this goal, it is important to emphasize the legal and follow - up contracts. We will enter in this articulated with confidence that stage , our Iraqi counterparts are willing sincerely in order to live up economic relations with France the same military and political commitment to the level of both
parties.

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