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Iraq is moving towards achieving economic and development goals
Economical 2023/06/25
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Baghdad: Haider Fleeh Al-Rubaie
Specialists in economic affairs have praised the economic moves undertaken by the government, especially at the international level, stressing the importance of the foreign and domestic visits of Prime Minister Mohamed Shia al-Sudani during the current June, which resulted in the signing of dozens of agreements with Egypt and Qatar.
Indicating that this can achieve many positive packages, including the establishment of joint development projects with neighboring countries and the region in conjunction with the implementation of the government program, as well as attracting dozens of investment companies to work in various fields, indicating at the same time the importance of these meetings in reflecting a positive image of the country, which That would attract capital and international companies.
This June witnessed economic movements that were welcomed by many economists, who described it as a "developmental transition". Between a foreign visit conducted by Prime Minister Muhammad Shia' al-Sudani to the Arab Republic of Egypt, during which he concluded 11 agreements, Baghdad received the Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, where he sponsored During that visit, Al-Sudani issued decrees for signing agreements for comprehensive cooperation in the political, economic, energy and investment fields, as well as two agreements in the fields of maritime air transport, a memorandum of cooperation to establish a joint oil company and another for the establishment of a refinery.
In addition to mutual government visits, Baghdad also witnessed during June a celebration on the occasion of the 63rd anniversary of the convening of the founding conference of OPEC, and witnessed a wide international official presence, while Dar es Salaam received, in the middle of this month, a delegation of the Iraqi-American Business Council, and the Prime Minister confirmed during The meeting The government took a series of decisions to simplify procedures for investors, and work to address existing problems in this field.
The international economic visits undertaken by Iraq, according to the economist and member of the Private Sector Development Council at the Ministry of Planning, Dr. Ali Hadi Joudeh, during his interview with Al-Sabah, are of great importance in drawing a positive picture of the steps that Iraq seeks to achieve in various aspects of development. In addition to the fact that it represents "a return and a positive impact on various economic levels, especially since Iraq is still a virgin land with its natural resources, human capabilities, and enormous financial and logistical capabilities. These visits can contribute to their real exploitation to transform the country into a regional and international economic power."
Hadi shows that the international openness to Iraq can be used to establish major projects in various fields, and perhaps the strategic development road project will be the first initiative that will lead to bringing in various initiatives and pumping hot money from abroad that works to open horizons for development and economic diversification in revenue and stimulate the production function. And give them a competitive advantage, especially if there are common policies between these countries and Iraq to create industrial cities and free trade zones, so the national industries will be open to foreign markets.
Despite the government's broad economic moves, however, expert Hadi believes that there is an urgent need for legislative requirements, urgent decisions, and soft laws that serve as stimulus packages to undermine bureaucracy and launch as quickly as possible to target these opportunities and employ them in developing the local business environment, considering the current laws as "an obstacle that represents implementation gap.
The researcher on the Iraqi and international economy, Dr. Ali Dadush, did not stray far from the previous opinion, when he indicated to "Al-Sabah" that Iraq "is seeking a leadership role in the region and moving forward in implementing joint development programs and projects with neighboring countries in conjunction with the implementation of the government program." within specified time plans.
Dadoush pointed out that "Iraq, through (agreements and memorandums of understanding), seeks to create a positive atmosphere with regional and international countries, which could lead to attracting media companies to work in Iraq," pointing out that "the Arab Gulf countries own a group of local companies or Foreign joint ventures with a high-quality technological level and for various fields (energy, water, transportation, infrastructure, superstructures, and other services), which can be attracted to work in Iraq through increasing international meetings, conferences, and agreements.
duality".
Researcher Dadoush believes that the priority of these visits and economic conferences should be to develop the industrial sector
(Manufacturing and petrochemical industries) because of their front and back entanglements with the rest of the other economic sectors, stressing at the same time the importance of the (real) private sector and local investors entering with government delegations and creating a mechanism for twinning with the private sector in neighboring countries, which is reflected in more ways It is good for the realities of the local economy.
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