Iraq decides to establish a free trade area in Baghdad

Iraq has decided to establish the first typical free trade area in Baghdad in the framework of its efforts to benefit from Arab and foreign investments and in order to develop trade dealings with other countries.

The director general of the free zones commission Hameed Shuker al-Jabbour said that his country is cooperating with the free trade areas in Egypt, Syria, the United Arab Emirates and Jordan in order to develop joint relations.

He added that the founding of free trade areas in Iraq, which number 3 so far in al- Basra, al-Mawsil and in al-Qaem on the Syrian borders, aims at ensuing opportunities to Arab investors to establish investment projects.

He continued that the year 2003 will witness the organization of a large festival in Iraq to be held in cooperation with the Lebanese industrial marketing company and to be attended by Arab and foreign businessmen as well as foreign companies in order to promote investment in the free trade areas in Iraq.