Senior Kurdistan Regional Government representatives opened the 8th annual edition of the multi- sector trade fair, Erbil International Fair 2012, which was held under the auspices of the Kurdistan Regional Governmentfrom 15 to 18 of October 2012.
This year’s edition, the biggest ever since the show’s beginning in 2005, attracted over 850 companies representing 23 countries around the world.
Mr. Sinan Çelebi, Minister of Trade and Industry from Kurdistan Regional Government (KRG) welcomed all the guests to the 8th International Fair and highlighted the event’s progress. “If we look back over the years, we can see an average growth of about 15 – 20% yearly”, he said.
The minister went on to highlight the economic growth that the Kurdistan Region has seen over the past several years saying: “Only about seven years ago, the income per capita was about $300 per year, which is what many people in European countries can make in one day. Now it is over $6,000.”
“This may still not seem like much”, he added, “but if you take the growth into consideration for this short period, it’s quite a big success. We hope that within the next ten years this will rise to more than $10,000”.
The show covered a wide range of sectors showcasing a wide selection of products and services including engineering, electronics, furniture, interiors, telecommunications, fashion, banking, jewelry, handicrafts and much more.
Moreover, the show benefitted from the support of a large number of international government agencies, chambers of commerce, ministries, embassies and trade associations; offering the international exhibitors a great opportunity to build strong relations with Iraqi companies and institutions.