Federation of Chambers of Commerce in the Emirates: We seek strategic partnerships with Iraq

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Today
, Tuesday, the Federation of Chambers of Commerce in the United Arab Emirates confirmed the pursuit of strategic partnerships with Iraq, while setting the date for the first Iraqi Gulf Business Forum.
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The head of the union, Muhammad Abdullah Al Mazrouei, said during a press conference held in Baghdad and attended by the correspondent of the Iraqi News Agency (INA), that "the convening of the first session of the Iraqi-Emirati Business Forum in Iraq is a starting point for joint and diligent work that strengthens the historical ties and relations between the United Arab Emirates and the Republic of Iraq." Iraq, especially since there are many common denominators and solid foundations in establishing advanced joint projects that serve the development process,” noting that “the Emirati companies participating in the trade mission seek from this forum to expand exports to foreign markets and establish strategic partnerships with Iraq, given what Iraq and the city of Baghdad represent.” Especially as a main gateway to the Iraqi market and a group of other regional markets.
He added, "The forum constitutes a unique platform and a link towards business development and positive interaction between Emirati and Iraqi companies, which contributes to strengthening economic relations and investment opportunities with the government and private sectors," noting that "the United Arab Emirates is today the first investment destination in the eastern region." The Middle East and the Arab region is driven by a number of factors, starting with its economy, which is open to all countries of the world, and being the headquarters of more than 500 international companies and a transit point for various products and industries in various global markets, especially African and Asian, in addition to the facilities and commercial advantages enjoyed by the foreign investor in the United Arab Emirates. It is industrial and unparalleled in other countries, especially those related to the management of supply and supply chains.
Al-Mazrouei called on "business owners, investors and all parties related to the Iraqi private sector to visit the UAE and closely examine the available investment opportunities, during participation in the first Iraqi Gulf Business Forum, which will be organized by the Sharjah Chamber of Commerce and Industry in cooperation with the Federation of Emirates Chambers, the Gulf Chambers, the Federation of Iraqi Chambers of Commerce and the Secretariat. The General Assembly of the Cooperation Council for the Arab States of the Gulf during the month of September, in which representatives from the governments of the Gulf Cooperation Council countries and Iraq will participate, as well as representatives of the private sector, and it will allow the participants to view the investment opportunities at the Iraqi Gulf level under one roof.
He continued, "The Federation of Emirates Chambers and its members' chamber, as the federal interface for the business owners sector in the UAE, which includes more than 500,000 members representing 198 nationalities, has actively contributed to supporting and developing trade relations with countries of the world, including the Republic of Iraq, through the establishment of economic partnership forums, conferences and seminars." Economic, trade missions and specialized trade opposition that shed light on the opportunities and incentives offered to foreign investors,” explaining that “there is a large list of national commodities that were able to enter the export space to a large number of Arab and foreign markets and replace many foreign commodities in meeting local demand.” .
He stated that "the continuous growth of bilateral relations is confirmed by the common desire to identify more ways of cooperation in various fields," explaining that "the Iraqi-Emirati Business Forum represents one of those means in which we see a framework that brings together consultation and discussion on matters and topics that we hope will increase opportunities and spaces." joint work".
He stressed that "the terms and channels of this cooperation are manifold and broad, according to a memorandum of understanding to establish the joint Emirati-Iraqi Business Council, but it represents an entry point for more comprehensive relations in defeating and liberating the business sector and the investing community in our two countries by implementing joint projects, developing the exchange process and establishing pioneering strategic partnerships in various economic fields."[/size]
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