KRG Minister for Foreign Relations, Falah Mustafa Bakir, this week discussed business and economic opportunities in the Kurdistan Region with senior members of the New Zealand Middle East Business Council.
The Members of the Council included Vice Chairman of the Council, Michael Webb, Executive Committee Member, Deborah Schlichting, and Executive Advisor, Michelle Boag.
Mr. Bakir provided an overview of the economic progress in the Kurdistan Region which is an investor-friendly emerging market. He called upon the members of the Council to encourage New Zealand companies to invest in the Kurdistan Region and to assist in building the capacity of Kurdistan’s private sector and its trade associations.
The Minister added that the KRG has fully supported the investment and commercial engagement of the international companies in the Kurdistan Region and expressed the readiness of the KRG to fully assist the involvement of New Zealand companies in the economic development of the region.
The KRG Minister also outlined the negative impact of the challenges facing the KRG on its economic development but stressed the KRG’s commitment to carry out economic reforms and to bring about a diversified economy driven by the private sector.
During the meeting, Minister Bakir and members of the Council exchanged views on potential areas of economic cooperation and the way forward.
The New Zealand Middle East Business Council promotes and facilitates cultural and economic contact, communication, trade, technology transfer, services and investment between New Zealand and the wider Middle East region.
The meeting was attended by the KRG Representative to Australia, Haval Syan, Director of KRG Offices Abroad at the DFR, Rebin Azad, and Director of Media and Communication at the DFR, Niyaz Barzani.