Spain intends to internationalize its companies in Iraq .. And the Iraqi ambassador: The investment law is the best of its kind

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2020/10/17 17:46

 

Spain intends to internationalize its companies in Iraq .. And the Iraqi ambassador: The investment law is the best of its kind

https://almasalah.com/ar/news/199198/اسبانيا-تتوجه-لتدويل-شركاتها-في-العراق-والسفير-العراقي-قانون-الاستثمار-هو-الافضل-من-نوعه

 

Baghdad / Obelisk: The Iraqi Embassy in Madrid announced, on Saturday, October 17, 2020, the establishment of the first economic conference between Iraq and Spain to strengthen economic relations between them.

 

The embassy said in a statement, that "representatives of the government and private sectors in Iraq and Spain attended the conference, in addition to 102 Spanish companies in various specializations."

The statement quoted the president of the Madrid Chamber of Commerce, Angel Asensio, as saying, "In Iraq promising investment opportunities are consistent with Spain's approach to internationalize its companies, and Iraq is rich in its young resources and energies."

Asensio added, "The sectors that Iraq needs are housing, reconstruction, digitization, and rehabilitation of working cadres."

For his part, the Iraqi ambassador in Medareer Adel Mustafa said, "Iraq possesses important and attractive qualifications, including the geographical location, abundance of resources and young manpower, followed by Investment Law No. 13 of 2006 and its amendments, which is the best of its kind in terms of the size of the privileges and facilities that it places in front of the investor." .

He praised the "strong bilateral relations at the political level between Baghdad and Madrid, which extend over seven decades, as well as Spain's participation in the international coalition in the war against ISIS, and after that King Philip VI's visit to Iraq and his meeting with the President of the Republic, Barham Salih," and thus this fertile ground on The level of the bilateral political relationship must be reflected positively on the economic relationship. "

In addition, Pablo Perth, president of Spain Investment Group, said, "His group offers its security services to companies and institutions as well as the possibility of providing information security services."

According to the embassy statement, "Director of the Department of Morocco, the Middle East and the Mediterranean at the Spanish Foreign Ministry, Eva Martinet, spoke about the depth of the bilateral relationship from 1946 until today."

"The symbolic importance of Iraq is that it is a country that includes a wide variety of religions and nationalities, and Spain aspires to live those components peacefully within the framework of a single country, and that Iraq is a sovereign and independent country whose people have the will and courage and aspire towards establishing a democratic system, and it expects a prosperous future for Iraq," Martinet stressed.

The economic advisor at the Presidency of the Council of Ministers, Abdul Hussein Al-Anbaki reviewed, "the privileges that the investor enjoys in Iraq, including the country's efforts to shift 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 capital at the level of the investment law." And the Iraqi constitution. "

The Spanish ambassador to Baghdad, Hansi Escobar, confirmed that "the situation in Iraq is heading towards complete stability, which encourages investment work and that the government of Mustafa Al-Kazemi is moving forward towards achieving comprehensive reforms in the country."

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