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France is looking to expand investment cooperation with Iraq
09/12/2017 12:00 am [rtl]At the employers' forum between the two countries Baghdad / Hussein Thugb The Iraqi-French Council of Employers examined the reality of the implementation of projects in Iraq, the possibility of technology transfer and the secret of industrialization to stimulate local production and enter into mutually beneficial partnerships. This came at the meeting of the two countries sponsored by the National Investment Commission and attended by the private and public sectors in both countries and the governors of Baghdad, Basra and Maysan. Chairman of the Investment Authority d. Sami Al-Araji said: "The convening of this Council is of particular importance because it will benefit the two countries, where the delegation is familiar with all investment opportunities, especially that it includes international companies have implemented major projects and today was signed memorandums of understanding with the provinces of Baghdad and Basra to implement the two metro projects, Transport in both governorates ". Job opportunities The head of the French side of the French-Iraqi Council of Employers, Arnoud Berlak, called for "the expansion of cooperation between the two countries, especially in the field of investment and this represents a later stage after reviewing the available employment opportunities in Iraq," not to " Actual work of the President of the Businessmen Union Iraqi Reza Ragheb at night between the "delegations meeting of the Iraqi and French represents a valuable opportunity to discuss the mechanics of real cooperation and the start of the stage of actual operation, after Iraq overcome the security risks and defeat terrorism , " adding that "repeated calls for the participation of French companies to work In Iraq and actively contribute to the reconstruction and reconstruction processes witnessed by the liberated areas during the coming period, and Iraq has jobs in all provinces and different sectors of production and service. "We are in Baghdad today and we are trying to expand the horizons of business, trade and cooperation between the French companies and the Iraqi private sector, especially as our relationship with Iraq is good and can be described as interrelated," said Antoine Fara of the French delegation. The trade volume between Iraq and France is touching the 600 million euro mark, according to trade experts. Governor of the Central Bank d. Ali Al-Alaq reviewed the developments witnessed by the Central Bank during the past three years and the successes achieved by the certificate of the international institutions concerned. He said that "the central managed to maintain the exchange rate currency despite the severe shortage of foreign currency revenues, which reached 70 percent during the past three years, as well as maintain the level of inflation and panic within the target did not exceed 2 percent," asserting that "the banking system works and qualify as "I can assure investors that the Central Bank has been able to remove the last restrictions related to the external transfer of the amounts that represent the proceeds of the investment. The central bank provides infrastructure at the level of payments and we are prepared not to complete all the operations related to this matter." Markets industry The president of the Baghdad Economic Forum Fares Al-Salman said during his speech on the sidelines of the forum a vision that shares ideas, where the markets have become an industry, and the creation of relations represents an industry. He added that "partnership with the state is in the major strategic projects, the largest partnership between the two peoples, where there are thousands of projects stalled, indicating that" at the level of small and medium-sized companies must be cooperation between the parties to transfer technology and the secret of industrialization and result in an Iraqi product meets the need Iraqi market. " Industrial facilities Dr. Sami Al-Araji reviewed a number of projects in which investment can be made by French companies, which are petrochemical projects and industrial facilities specialized in the oil industry and paper industry, as well as tourism projects in the marshes and projects in more than one sector within the city of Baghdad and other provinces, Seven economic zones distributed among all regions of Iraq, and various agricultural projects, especially with the availability of 1.5 million acres suitable for agriculture. " French investments economic expert Bassem Antoine Benn that" for nine years we work with the French side to form the Iraqi Business Council "France has a technology, developed in most of the production joints, where we focused on activating the role of the private sector to attract French investments that have a long history in Iraq." "The possibility of cooperation in more than one economic sector, and we hope the young French administration to pay French investments to Iraq in industry and agriculture, as well as the banking sector, tourism and other activities that have economic opportunities promising." World Bank Secretary General of the Iraqi Chamber of Commerce and Industry d. Sami Kashkool pointed out on the sidelines of the forum that "Iraq is interested in communicating with the global companies that have developed advanced technology and financial solvency, to be an active contribution to the construction and reconstruction that Iraq seeks in the past period," stressing that "the forum at this time is important, Has a great experience in the areas of competence, and this is very important and can do bridges of cooperation to serve the national economy. " He stressed the importance of "communicating with the developed international banks and owners of advanced systems to work to bring them to Iraq and link Iraqi banks with them directly."[/rtl] [rtl][You must be registered and logged in to see this link.][/rtl] |
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