Experts: Iraq and Kuwait that could mark a major economic power

12/18/2013 0:00

Baghdad - Mostafa Hashemi - Farah pumice

Because of the enormous potential and raw materials and geographical location to Iraq and Kuwait , experts found the possibility of the country a major economic power in the region . According to the economic expert Tawfik inhibitor , there is a possibility of that , despite his assertion that it requires time and effort . Said inhibitor told ( morning) "We must give equal opportunities between the two countries , because Kuwait had previously offered several industrial projects in Iraq.

Projects have failed to materialize
He inhibitor that these projects are summarized in the " order of multi-modal transport and launch the transit of any transit system , pipeline gas and crude oil for export from the Mina al-Ahmadi Kuwait , to participate in the management of land transport , sea , and air ports as a joint venture , investment and development of agricultural land for the production of crops and dairy products and meat , "noting that these projects have failed to materialize so far .
And passes Iraq and Kuwait in the golden period of relations , especially after the withdrawal of Iraq from Chapter VII and an end to their differences.


Routine obstacle to investment
He stressed the importance of the entry inhibitor Kuwaiti projects for Iraq and the contribution of the investors , noting that there is a great desire for the investor and trader Kuwaiti industrial action in Iraq , but they face routine measures stand in front of these investments remain .

The expert said that everyone seeks to enter the Iraqi market , as the return on capital which is high, as well as profits , in particular that Iraq needs capital to begin to walk in the footsteps of construction and reconstruction , investment and the primary must be given to neighboring countries, provided that the work on the basis of equal opportunities , and the joint work to achieve mutual benefits and interests , urging the task of facilitating the entry of investors , and encourage and support them to work together . "

Basra and the capital
He revealed inhibitor visit recently ended the governor of Basra to Kuwait , because he confirmed that there is an idea of ​​the possibility of joint action with the participation of Kuwaiti companies and the Iraqi private sector and even conservative circles , by attracting foreign capital .

He believed that the development of economic relations between Iraq and Kuwait will contribute to the development of the Iraqi economy and reduce unemployment by providing jobs and creating investment opportunities , medium and big , not to mention the benefit the most of the experience and relationships gained by Kuwait over time , adding that the most important of all these things that the world at the beginning of the storm collapses rapidly and it's about to get out of control Kalanhiar sudden that happened in the bond market trade in the year 2008, so the relations , Iraq - Kuwait on the economic level is very important and can form a major power in the region .

Contract with consulting firms

For his part , suggested economic adviser Dr Shafiq al-Tamimi, contracted with a consulting firm with expertise and competence to prepare a comprehensive study of the planning process for the entry of goods , materials and human cadres required between the two countries . "

Border port conveniently
He said al-Tamimi (morning) : "The economic relations between Iraq and Kuwait should include road networks , trains and all ground transportation and all the systems , facilities and services required to process the supply and transport of materials and personnel are to ensure the construction process and the development and growth of the Iraqi economy ," calling for the establishment of border port fit between the two countries , according to global standards .

 The Advisory Engineer Saeb discussion , has called for routine treatment and obstacles encountered investors .

Exemption of goods at customs

He said discussion (morning) the importance of developing trade in the port Safwan , so that trucks entering without the need to convert the goods to other trucks .

Regarding the development of exchanges between the two countries , he urged not to obtain the duty-free imported materials at the border , especially given that this process had a negative effect .

 Also proposed agreement on the operation of bus lines to transport passengers from Iraqi cities to Kuwait City and vice versa , with the development of roads and railway network , which between the two countries according to international standards to accommodate the large volume of goods and materials required for the construction and development process .


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