Kurdistan Investment: The region will be a trade link between the Gulf, Turkey and Europe

[HowieC]

Kurdistan Investment: The region will be a trade link between the Gulf, Turkey and Europe

2021-11-20 10:11

Shafaq News/ The Turkish-Iraqi Business Forum for Investment and Contracting concluded in Istanbul, Turkey, with the participation of a delegation from the Kurdistan Regional Government, as the Kurdistan Investment Authority confirmed that the region will be a commercial link between the Gulf, Turkey and Europe.

The delegation of the Kurdistan Regional Government included Omid Sabah, head of the Cabinet of the Presidency of the Council of Ministers of the Kurdistan Regional Government, Muhammad Shukri Muhammad Saeed, head of the Kurdistan Investment Authority, and a number of Kurdish businessmen and investors, and lasted for three days.

In a statement to Shafaq News Agency, the head of the Kurdistan Investment Authority said, "Our participation came from the premise that Turkey is an important country for the Kurdistan Region and a major crossing for us towards European countries, in addition to this, we are also on Turkey's road towards the Arab Gulf, Asian countries and Europe."

He added that "Kurdistan Region can play an important role in the process of commercial linkage in the future between all these countries."

On the investment side, he explained, "Turkey is an important country for the Kurdistan Region, because the construction movement currently, especially vertical ones, is implemented by Turkish companies, and we hope that this movement will increase in the future and expand further."

Despite the Corona pandemic, the volume of trade exchange between Iraq and Turkey has reached more than 21 billion dollars, and Turkey aspires to expand and increase the volume of trade exchange in the coming years.

https://shafaq.com/.../%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8...

[Longtimelurker]

6 hours ago, HowieC said:

Kurdistan Investment: The region will be a trade link between the Gulf, Turkey and Europe

 

2021-11-20 10:11

 

Shafaq News/ The Turkish-Iraqi Business Forum for Investment and Contracting concluded in Istanbul, Turkey, with the participation of a delegation from the Kurdistan Regional Government, as the Kurdistan Investment Authority confirmed that the region will be a commercial link between the Gulf, Turkey and Europe.

The delegation of the Kurdistan Regional Government included Omid Sabah, head of the Cabinet of the Presidency of the Council of Ministers of the Kurdistan Regional Government, Muhammad Shukri Muhammad Saeed, head of the Kurdistan Investment Authority, and a number of Kurdish businessmen and investors, and lasted for three days.

In a statement to Shafaq News Agency, the head of the Kurdistan Investment Authority said, "Our participation came from the premise that Turkey is an important country for the Kurdistan Region and a major crossing for us towards European countries, in addition to this, we are also on Turkey's road towards the Arab Gulf, Asian countries and Europe."

He added that "Kurdistan Region can play an important role in the process of commercial linkage in the future between all these countries."

On the investment side, he explained, "Turkey is an important country for the Kurdistan Region, because the construction movement currently, especially vertical ones, is implemented by Turkish companies, and we hope that this movement will increase in the future and expand further."

Despite the Corona pandemic, the volume of trade exchange between Iraq and Turkey has reached more than 21 billion dollars, and Turkey aspires to expand and increase the volume of trade exchange in the coming years.

https://shafaq.com/.../%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8...

The beginning of being the "Trade Hub" of the Middle East👍

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[yota691]

10 procedures to facilitate the entry of investors between Iraq and Turkey

Sunday 21 November 2021 178

 

 Baghdad: morning

 

Yesterday, Saturday, the Ministry of Commerce announced 10 procedures for the entry of investors between Iraq and Turkey. 

A ministry statement stated, "The Minister of Commerce, Alaa Al-Jubouri, revealed, during his meeting with his Turkish counterpart, a set of procedures to facilitate the entry of investors between the two countries, including "facilitating the procedures for granting entry visas to businessmen and investors between the two countries to be multiple and for a period between 4-5 years, as well as the initiation of a contract Bilateral discussions to sign an investment support agreement between Iraq and Turkey.

Al-Jubouri added, according to the statement, that "among the measures is also raising the volume of trade exchange between the two countries, as well as working to resolve the issue of accrediting the Turkish Standards Institute in pre-supply examination procedures for goods exported to Iraq and the issue of companies' registration with TUV company." 

German".

He explained, "Among other measures is working to end the issue of the railway line from the ports of Basra to the border gate of Fishkhabour, after it was approved by the Council of Ministers, as well as intensifying discussions between the Technical Committee on opening two new border crossings."

Al-Jubouri stressed, "The issue of the transit agreement for goods will be resolved by the special committee headed by the Minister of Transport within a week, in addition to coordination with the Central Bank of Turkey on the possibility of raising the ceilings of oil documentary credits by Turkish banks operating in Iraq and facilitating their work."

The Minister of Trade indicated, "The Turkish side welcomed Iraq's request to open branches of Iraqi banks in Turkey and obtain approval for it, as well as an agreement to facilitate procedures for granting entry visas to tourist groups coming to Turkey."

He pointed out, "The adoption of new procedures regarding facilitating the procedures for granting medical entry visas for Iraqi patients coming to Turkey for the purpose of treatment, as they will be granted within 48 hour".