Intercourse on economic cooperation projects a giant strategy

by **Rocky** Sat 03 Dec 2016, 8:12 am

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Intercourse on economic cooperation projects a giant strategy

by Rocky Sat 03 Dec 2016, 8:12 am

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3/12/2016 0:00

Iraqi Economic Forum - French X
BAGHDAD / Hussein Tgb / Tariq al-Araji
The presence of senior French businessmen to Baghdad and search the reality of work and the mechanism for the implementation of projects and the extent of the Iraqi private sector cooperation with their counterparts from France, creates a vision for how important the Iraqi economy on the world stage, and can be seen from the desire of the French side the establishment of a French bank inside Iraq.

Interaction between the French delegation and the private sector during the French tenth of the Iraqi Forum, which was held in Baghdad last Thursday marks a positive sign of the desire within the international working inside Iraq.

Chairman of the National Investment Commission Sami al-Araji said the investment forum represents a new step indicate the extent of the growing development in the relations between Iraqi institutions and the private sector, the French combining a large number of investors, businessmen and state institutions and banks relevant, researchers, specialists and owners of companies.

Ownership of the investor

He added that the amendment of the Investment Law to ensure the introduction of the mixed sector

In the field of investment and the provision of soft loans to take into account the completion of the investor 25 percent of the project and ownership of Iraqi or foreign investor allocated land for housing projects belonging to the state sector

General, as well as investment in the stalled projects in all sectors of the strategic nature for the purpose of rehabilitation, implementation and grant exemptions

From taxes and fees for projects taking place on the investment license for a period of 10 years from the commercial operation date.

Mutual relations
Araji Display Business Summary

Achieved by the Commission during the past short period, which summed up the signing of the Authority for the period from 2008 _ 2016, more than 23 a memorandum of understanding and an agreement with the Arab and international countries and 15 agreements and memoranda of understanding

Under way, as the National Investment Commission granted nearly 44,599 visas variety.
He Araji expressed hope that opens this event outstanding new bright page in the mutual relations between all parties also call for the holding of a joint economic meetings and dialogue between investment companies and businessmen and specialized banks for the purpose of reaching a positive and effective removal of inertia and the problems facing the investment process results.

He called on local and French companies to benefit from the large investment opportunities in Iraq, hoping that this meeting will contribute to strengthening the bonds of cooperation and opens up new vistas of economic relations.

The development of the economy

French Ambassador in Iraq Marc Baretti said during his brief depth of French-Iraqi economic relations, and for his important contribution to the development of the economy and is ready to provide assistance in the development of the most important sectors of the economy, pointing to participate in oil investments, where ownership of French companies advanced technologies in this field.

Chairman of Businessmen Union Reza Ragheb Blibl said: This is the forum to be held in conditions of big wins achieved by the Iraqi army on «Daesh» in Mosul and other Iraqi cities and improve the security situation in Iraq has improved the perceived oil prices in world markets will be as it was so significant forums Previous new impetus to strengthening the bonds of friendship and cooperation between the two countries, and that Iraqi companies participating in this event represents most of the Iraqi economic sectors and is willing to cooperate with French companies and to engage with them in partnership to benefit from the expertise and know-how and provide technological and scientific and create a platform for joint work on the long-term, stressing availability many opportunities to invest in Iraq for French companies and work in all economic fields.

Strategic projects
The vice economic prime Baghdad forum spokesman Antoine said: After continuous work during the tenth sessions of the French Council of the Iraqi working for employers reach out today to show ways of cooperation and partnership and investment between the Iraqi private sector and the French counterpart, pointing out that the present time we are in dire need for friends the French and the ability to rebuild Iraq's cooperation with the Iraqi private sector.

And the need to contribute to the development of French companies in the production of agricultural and industrial relations,

We look forward to a giant strategy contributes specialized national companies created in various sectors projects.

He said: When our review of French investments in Iraq, compared to the five global location and the second source in Europe, we find there is a significant shortcoming of the contribution of France, especially with the presence of

Ways and extensive cooperation with the Iraqi private sector employers and the French to work without any restrictions and entering partnerships and extensive investments in all sectors.

Antoine reviewed the investment opportunities in several sectors the most important industry and agriculture, which suffered more than 40 million acres for investment and contracting, construction and tourism sectors as well as education, health, banking, insurance, down to the insurance sector.

Migrant labor
Competent in economic affairs Imad Sugar noted that investments are looking for mechanisms to facilitate the work and Tnzeraly the success of the local private sector and then decide to enter into partnerships for the implementation of projects in all sectors.

He said the activation of investments in Iraq and create an attractive environment for her country will touch results in months, and this does not happen in another country, Iraq can achieve the advancement of the existence of the elements of business success.

Sugar noted that the task of skilled labor in Iraq and contribute to the international transfer of expertise to local employment and thus contributes to the friction between the two sides in the creation of a local skills levels
Universal.

French businessman said the investment opportunities in Iraq and a wide deserve Alahmtam, noting that the investment looking for an attractive and conducive environment and that French companies have capacity to implement strategic projects in contact with the citizen's life, noting that the French private sector aware of the volume of work in
Iraq and the opportunities available in all sectors.

Possession of capacity

While competent in economic affairs just Ekab Hasnawi: that the Iraqi private sector realizes the importance of his French counterpart on the global economy and the possession of large capacity that can be invested in the development of Iraq's productive sectors after the events of economically feasible for both sides said in a practical partnerships.

He pointed to conclude understandings and partnerships with the French side and we are working on the development of the first lines to open a French bank in the Iraq-style partnership with the Iraqi private sector.

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