Iraq and Germany have signed a memorandum of understanding (MuO) in Baghdad, commiting them to cooperate in areas of industry, trade, agriculture and transportation.
The Iraqi Minister for Industry, Ahmed Dali, told a press conference following the signing of the protocol that the signing of the MuO will encourage more German companies to come to Iraq for investment opportunities which in turn will contribute to the reconstruction of the country.
Twenty-five German companies are working in Iraq currently, the majority of them in areas of housing, health and construction.
Germany’s representative, and also German Vice-Chancellor Philipp Rösler told the conference that German companies had a "great desire" to work in Iraq.
"I have with me a delegation of 100 German businessmen representing the giant German companies... the presence of such a large delegation indicates our strong desire in opening new cooperation horizons with Iraq" he said.
Rösler said Germany was willing to build strong relations with Iraq "[in] all areas that consolidate bilateral relations between the two friend nations".