[size=36]Al-Kazemi presents proposals to Kuwait, including the establishment of a joint industrial and commercial zone[/size]
political| 08:35 - 22/08/2021
Baghdad - Mawazine News
On Sunday, Prime Minister Mustafa Al-Kazemi met with the Chairman of the Kuwait Chamber of Commerce and Industry Muhammad Jassim Al-Saqr and a large group of business and industry men during his official visit to Kuwait, which he started today.
A statement by the Prime Minister's office, a copy of which was received by Mawazine News, stated that Al-Kazemi said during the meeting that Iraq is seriously seeking to facilitate inter-trade procedures with Kuwait, and raise the volume of trade exchange, which is still below the level of ambition. We urge the Kuwaiti public and private sectors to invest in Iraq, as our country has promising investment opportunities.
During his meeting, Al-Kazemi said, "There are fertile lands and abundant water in Iraq, which give Kuwaiti investors an opportunity in the agricultural field, whether for government or private companies, in order to achieve food security and integration between Iraq and Kuwait. The Iraqi government worked to facilitate investment procedures and protect the rights of investors. And providing all forms of support for the success of their business, and facilitating granting entry visas to Kuwaiti businessmen, and Iraq had previously signed an agreement to avoid double taxation with Kuwait in 2019.”
The statement added that, during the meeting, Al-Kazemi suggested holding a conference or mutual workshops in Iraq and Kuwait, to review investment opportunities in Iraq in all sectors. In order to enhance cooperation, we look forward to providing facilities in granting entry visas to Iraqi businessmen, to establish partnerships in the economic field with their Kuwaiti counterparts.
The statement concluded, that Al-Kazemi indicated in the meeting that Iraq aspires to establish a joint industrial and commercial zone with Kuwait; To develop economic partnership in this field. The Iraqi-Kuwaiti cooperation in the fields of oil and energy is of great interest to us, and we look forward to developing these relations by encouraging the Kuwaiti side to expedite the implementation of the related Gulf electrical interconnection works. Ended 29/R77