Application of economic agreements to achieve economic integration

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Iraq holds a lot of conventions and protocols economic and trade relations with various countries of the world, and establish business councils to contribute to the consolidation of bilateral relations between the two sides, it looked to the experts to be applied on the ground and with the participation of the private sector to achieve integration and economic security.

International protocols

Economic expert on behalf of Jamil Antoine said in his speech (morning) that the Iraqi economy can not be in isolation from the global economies, and we have to hold international conventions and protocols, as it has economic and trade agreements with more than 70 countries around the world.

He stressed the need for private sector participation in these agreements, and its importance in the applied and enforced on the ground and follow-up work and check them out, noting that states competing for the export of goods to Iraq, so it must refer to the amount of projects and real investments held by these countries.

Consumer and importer

He said he can not be for Iraq to remain a consumer and importer of the regional countries and the world, since there is no need to sign agreements investment for the construction of industrial projects sings the country of import and the exploitation of agricultural land through investment, as well as tourism investments to work on the localization of these investments and operation of the unemployed and turning Iraq from the consumer to the producer country to achieve food security sufficiency and then export to other countries thanks to its constituents in the advancement of its economy, calling for transforming the country's economy from the economy to yield productive achieve economic security of the country.

Overcome obstacles

He stressed the importance that is given the leading role of the private sector as characterized by very active and works Bklv less possible that goes beyond the obstacles and attract investor in the largest, as well as he contributed to the development of many countries, including Britain, France and other countries, so as confirmed by the approach the state in accordance with the strategy clear-cut, and in line with Article 25 of the Constitution, saying that the countries of the world Stthavt contract agreements with Iraq, and because its economy with a promising future and is a fertile ground for investment, but it needs to be attractive legal environment.

International Experiences

He encouraged the establishment of councils trade with the countries of the world and with the participation of both, as in the experience of Bologna after graduating from the box of the socialist camp after two decades of work as an active private sector and shares rose 70 percent in its gross domestic product.

Iraq's needs

It is said that the work of the second session of the Iraqi Commercial Cooperation Council - Britain was held in London a few days ago, as it was during the meeting between the two sides discuss the results of the British trade delegation visit to Baghdad, Erbil and Basra.

And discussed the issue of visas by the two countries and the importance of facilitating and accelerating the process of granting businessmen and Iraqi citizens, were discussed security cooperation and the needs of Iraq, Other, During the meeting, the obstacles facing the output of goods and materials from ports and authorities customs, as well as the review of the conditions of the process of making commercial contracts, as well as introduce direct flights between Baghdad and London, and the removal of existing obstacles.

It is scheduled to hold the third session of the Ministerial Council next trade in Baghdad in 2014, comes at a time where the forum was held Iraqi Frenchman, who was joint between the Federation of Iraqi businessmen and Investment Authority.

Commercial facilities

In turn, said an economist at the Ministry of Finance Hilal Taan in an earlier statement (morning) that economic integration between any two countries intended to grant facilities to the entry of goods and the free movement of money in addition to the side of the facilities of customs and tax exemptions on goods as mutually beneficial for the two countries, noting that stages of economic and trade relations between Iraq and any other country phase of the partnership and then start to evolve to reach the stage of agreements and then reach the degree of economic integration.

New relationships

He Taan need to develop economic relations with the new states because Iraq is still a country a consumer does not issue a non-oil, noting that there are modifications to the agreements or is canceled or add new items to enhance cooperation whenever the need arises to it and to serve Iraq and the other side to achieve economic integration.

The Iraq has signed 80 agreement with several countries regarding the economic aspect include items of different economic funding projects in the productive sectors of the diverse and provision of services in order to encourage the protection of investment between the two sides established for projects important partnership to contribute to the advancement of economic reality, as well as the 55 joint committee with various countries of the world. According to the announcement by the Department of Foreign Economic Relations and Trade Ministry.


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