By John Lee.
In Baghdad, Iraq's Minister of Trade, Atheer Daoud Al-Ghurairy, and Qatar's Minister of Commerce and Industry, Sheikh Mohammed bin Hamad Al Thani, signed the final report of the 7th Iraq-Qatar Joint Committee session, marking the first meeting in over six years.
Minister Al-Ghurairy emphasized the commitment of both nations to enhance economic, trade, and investment relations. He highlighted the importance of mutual investment as a core element of cooperation and the creation of an attractive investment environment to strengthen economic partnerships. The signing of the Investment Promotion and Protection Agreement between Iraq and Qatar was noted as a significant step towards boosting bilateral investments.
Al-Ghurairy invited Qatar to be the guest of honor at the upcoming Baghdad International Fair and encouraged Qatari companies and businessmen to invest in Iraq, particularly in projects related to the Development Road initiative, which will foster further economic cooperation.
Sheikh Mohammed bin Hamad Al Thani reiterated the shared commitment to strengthening cooperation for mutual benefit and achieving developmental aspirations. He stressed the importance of joint efforts to realize the full potential of the partnership and looked forward to increased bilateral trade and promising economic collaborations across various sectors. The Qatari minister also underscored the importance of the Qatar-Iraq Business Council in investment and trade enhancement.
During the two-day session, both sides exchanged views on intensifying cooperation in areas such as trade, industry, investment, free zones, private sector engagement, energy, finance, taxation, customs, transport, civil aviation, ICT, infrastructure, agriculture, water resources, urban development, education, health, environment, culture, sports, youth, social welfare, and justice.
(Source: Ministry of Trade)
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