In preparation for the convening of the joint Iraqi-Iranian economic committee
A high-ranking Iranian economic delegation headed by the Undersecretary of the Ministry of Economy and Financial Affairs, Chairman of the Iranian Investment and Economic Cooperation Commission, visit the National Investment Commission (NIC).
During his meeting with members of the Iranian delegation, Chairman of the National Investment Commission, Mr. Salar Muhammad Amin, stresses the importance of:
🟣 establishing joint industrial zones using the enormous raw materials and human potential in both countries.
🟣 Border management and control over the quality of Iranian goods entering Iraq in a way that preserves the reputation of the sober Iranian industry.
🟣 Re-activating the bilateral trade agreement between the two countries.
The Chairman of the NIC, Engineer Amin, received today, Monday, a high-ranking official delegation from the Islamic Republic of Iran, headed by Mr. Ali Fikri Muwaqar, Undersecretary of the Ministry of Economy and Financial Affairs, Chairman of the Investment and Economic Cooperation Commission, and his accompanying delegation.
During the meeting, he reviewed the deep bilateral relations in the economic and investment field between the two countries, and the common social, cultural, religious and historical bonds that unite the Iraqi and Iranian peoples, which represent strength and support factors to enhance joint economic cooperation.
Mr. Amin expressed the desire of Iraq to benefit from the technical knowledge and advanced technological capabilities enjoyed by the Iranian side in various economic fields, including (glass, metal, petrochemical, manufacturing, mechanical industries and others).
He stressed the importance of exchanging experiences and knowledge between the two countries through opening permanent and non-seasonal exhibitions in the Iraqi and Iranian provinces, to establish a detailed and accurate knowledge of these sectors, such as automotive, construction and chemical, and other important industries, in addition to starting promotion and business management courses.
He expressed his hope that the Iraqi-Iranian joint committee would contribute to providing the necessary support to the private sector, companies, businessmen and investment in both countries, through which many obstacles and problems facing the economic and investment sectors could be overcome.
The guest minister proposed some investment forms for economic cooperation between the two parties based on benefiting from the knowledge, technical and technological aspect of Iranian companies and sometimes supporting gas and power sectors in Iraq as alternatives to the necessary financing for the proposed partnerships, referring to the idea of establishing (joint industrial zones) that are important to the Iranian government because of the diverse economic opportunities they represent with a large base attracting several industries, capitals and companies, and eventually a promising economic movement.
He also presented a proposal that included establishing investment projects concerned with reducing water consumption in the industrial and agricultural sectors in both countries, in line with the reality of West Asian Countries, including Iran and Iraq, facing the big water scarcity problem.
The head of the delegation extended an official invitation to the NIC Chairman to visit the Islamic Republic of Iran to see their investments.
A number of the NIC’s Director Generals attended the meeting.
