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Experts: the need to identify areas of investment the Government of Iraq to Kuwait in the event of approval of the proposed al-Samarrai

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Experts: the need to identify areas of investment the Government of Iraq to Kuwait in the event of approval of the proposed al-Samarrai

2009-07-12 13:29:50 2009-07-12 13:29:50 . BAGHDAD (Iba) / invest / report / ..

Two economists saw the need to define the areas in which the Iraqi government could invest in the State of Kuwait in the event of approval to the proposal submitted by the Chairman of the House of Representatives of Kuwait, Iyad al-Samarrai, containing investment money damages against Iraq.

The Samurai, this proposal in the conclusion of his visit to Kuwait four-day visit focused on the relations between the two countries are strained due to the controversy over the issue of compensation.

He said, "We tried to offer an alternative solution, which is to open it up a return for this investment of Kuwait into Iraq."

The experts interviewed also told the independent press (Iba) on Sunday signed an agreement to compile the amount of compensation proposed by the follow-up actions by the foreigners were working in Kuwait during the previous years.

The link member of the Society for Economic obstacles to the opening of Iraq against Kuwait investment partnerships with national companies in Iraq.

He says the proposal was welcomed by political and popular circles in Kuwait, which comes within the Government's new policies for the settlement of Iraq's outstanding problems with neighboring countries, particularly the State of Kuwait in order to achieve comprehensive and sustainable development, strengthening the role and participation of the private sector in the development process.

He added that the Iraqi government to identify areas that could invest in is in the interest of the parties of Iraq and Kuwait during the partnership in the implementation and to identify the real needs of the national economy. Stressing that the initiation of this step will establish a joint Arab policy in the future.

And the importance of enhancing the obstacles to take advantage of the Kuwaiti companies to enter the local market that is not at the expense of local companies that need to be paralleled in the experience of partnerships - as he put it. . Warning earlier reports indicated that the foreign workers filed claims of malicious and are listed in the awards.

The obstacles that the new law in the formulation of the investment was important to observe the principles of the lifting of the efficiency of the private sector and strengthen its involvement in economic development towards the creation of a free trade zone between Iraq and neighboring countries.

Said a member of the Center for Studies and Economic Research Rafid Hassoun said clearing the way for Kuwaiti companies to work inside the country has positive aspects to the Iraqi and Kuwaiti economist.

He said this is through the identification of the required quality according to the directions and priorities of development plans, which are most important diversification of the national economy and create new economic activities, non-traditional, and the organization of the return on domestic resources.

Calling for coordination of efforts to keep the real cases, however, by the foreigners who lived in Kuwait before.

Hassoun stressed the inclusion under each sub-range of areas of interdependence and integration of investment with the vision and strategic goals for Iraq, and focus on development priorities and interest in agriculture and industry.

The two sides should focus on subjects that impede the movement of trade exchange between the two countries and the obstacles and difficulties faced by investors and the appropriate mechanism for investment opportunities in the markets to increase the volume of economic and trade cooperation between the two countries.

"The al-Samarrai said in Kuwait Mansh "has some of the Kuwaiti government that has adopted such a proposal, but in this new issue today that it has become more serious than the former, especially as the Kuwaiti officials had given no objection to the idea."

"The awards came from the United Nations resolutions, and these decisions are as definitive, but should not be modified through a review of these decisions."

He explained that this solution is the "agreement and consent of the two countries to be paying reparations to Kuwait from Iraq to re-invest in Iraq, in any form," stressing that "this is the benefit of Iraq and it is also beneficial to Kuwait with its opportunities." / Returned to Iraq a breeding ground for investment and opportunities are enormous.

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