France to Sign 8 New Contracts with Iraq

An adviser in the outgoing Iraqi government said on Thursday that Iraq will sign eight important economic contracts with France during November.

The adviser of the Minister for Foreign Affairs, Ahmad al-Shehani, told AKnews that "the Iraqi government will sign eight economic contracts next month to expand the economic transactions between the two countries".

The contracts will be in the areas of transport, industry, banking, finance, and agriculture.

"These agreements will continue for an indefinite period and will be signed by the French Trade Minister, who will visit Iraq next month."

"France had expressed willingness to support reconstruction and investment projects in Iraq, and it believes that the security situation is no longer a significant barrier to take an important role in supporting the Iraqi economy."

The Iraqi government had agreed with France on the implementation of a long-term economic partnership.

France is, according to the report, the most active European investor in Iraq, and has signed several contracts worth 40 million euros, equivalent to $60 million.

France recently opened the Business Center in Iraq to help facilitate investment.

(Source: AKnews)

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