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Madrid Chamber of Commerce: Iraq has promising investment opportunities

Proven
Proven
NNP TEAM
NNP TEAM

Posts : 1808
Join date : 2012-12-21

Madrid Chamber of Commerce: Iraq has promising investment opportunities Empty Madrid Chamber of Commerce: Iraq has promising investment opportunities

Post by Proven on Sat 17 Oct 2020, 5:29 pm

Tariffs are a selling feature to investors.


Madrid Chamber of Commerce: Iraq has promising investment opportunities






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Economy News - Baghdad
The President of the Madrid Chamber of Commerce, Angel Asensio, announced that Iraq has promising investment opportunities consistent with Spain's approach to internationalize its companies.

Said Asensio, in a speech to "international economic conference between Iraq and Spain ,"  that "in Iraq , investment and promising opportunities in line with the direction of Spain for the internationalization of its companies, and that Iraq is rich in natural resources and energies of young and in return, the sectors that Iraq needs , including housing, reconstruction and digitalization and rehabilitation of cadres All workers are available to the companies to achieve the aspirations of both sides. " 

On the other hand, Abdul-Hussein Al-Anbaki, the economic advisor in the Presidency of the Council of Ministers, said that the privileges enjoyed by the investor in Iraq, including the country's efforts to transform towards a market economy and impose customs tariffs to protect the local product,  as well as the abundance of labor and the legislative base that protects investors and heads Funds at the level of investment law and the Iraqi constitution.

While Manuel Mora, representative of the State Secretariat for Trade, reviewed the trade balance between the two countries and the nature of exports and imports between them, noting the importance of diversification in products as well as the importance of legislating the investor protection law, while Spain's ambassador to Baghdad, Hansi Escobar, confirmed that the situation in Iraq is heading towards complete stability, which is what He encourages investment work and that the government of Dr. Mustafa Al-Kazemi is moving forward towards achieving comprehensive reforms in the country. He thanked the Iraqi embassy in Madrid for its initiative and organizational effort to make the conference a success.






Number of observations 328   Date of addendum 10/17/2020

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