The Iraqi Prime Minister Mustafa Al-Kadhimi and his accompanying delegation visited, during their official visit to Kuwait, the headquarters of the Kuwaiti Chamber of Commerce and Industry, where he was received by H.E. Mohammed Al-Sager, the President of Kuwait Chamber and members of the Board of Directors, in addition to a number of Kuwaiti and Iraqi businessmen.
Al-Sager expressed the Chamber's pride for the share it had in Al-Kadhimi’s visit to Kuwait, despite its short duration and full program. He also emphasized that "Kuwait, with the nature of its geographical neighborhood, economic integration, and societal rapprochement with Iraq, thanks to its infrastructure with its ports, roads and communications, the capabilities of its banking system, and the richness of its investment experience, is fully qualified to be at the forefront of Iraq's strategic partners in trade, finance and services."
Al-Sager pointed out that "the development partnership between the two countries needs official support and care, especially since all indicators and trends at the regional and international levels confirm that the private sector is the one that can and should play the primary role in building this partnership," noting that "the position of the Kuwaiti private sector is fully consistent with the position of the state," adding that "our sincere enthusiasm for the economic partnership project must retell us in both Kuwait and Iraq, that our success depends in the final analysis on the presence of a strong private sector, and on providing a fair, safe and stable investment environment in both countries."
For his part, Al-Kadhimi expressed his pleasure to visit the Chamber, highlighting the keenness to strengthen the development partnerships between the two countries, stating that "Kuwait has a wise vision in directing its foreign policies, based on a long legacy of good experiences and initiatives that have been crowned with success," pointing to "the Iraqi government's endeavor to facilitate the movement of intra-trade and raise the level of trade exchange between Kuwait and Iraq, which does not reach the desired level during the current period, through the efforts being made to remove any obstacles facing the entry of Kuwaiti goods into Iraq."
Al-Kadhimi reviewed the most important features of the Iraqi economy and the most prominent sectors that attract investment, the most important of which is food security, especially in the agricultural field, which is a fertile investment environment, in addition to the state’s regulations and legislation aimed at attracting and encouraging foreign investment in other sectors of common interest. He also affirmed the government's keenness to solve all obstacles facing prospective Kuwaiti investors, and to develop appropriate solutions to the difficulties facing existing Kuwaiti investments and to protect their rights.
Source (Al Rai Newspaper-Kuwait, Edited)
