Iraq to open four free trade areas

The director general of the general commission of the Iraqi free zones Hamid Shukr Muhammad said that his country intends to establish free zones in Baghdad and al-Fao and in two other positions near the borders with Syria.

In statements issued by the Iraqi daily al-Qadeseyah on Monday Mahmoud explained that it was agreed with the Syrian government to set up a free zone in al-Qayem city for commercial purposes, adding that this agreement covers the establishment of a free trade area in the border city of al-Rabee’a, to the north west of al-Mousel after completing the free zone in al-Qayem.

The Iraqi official added that there are requests to establish a world free zone in al-Fao city in al-Basra province and other studies to establish free zones in Baghdad with the aim to participate in encouraging investors and accelerating the cycle of the economy forward. He called on investors to benefit from the two free trade areas currently existed in Khour al-Zubeir and Fleifal as well as to make use of all available facilities and privileges.