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Iraq to signal agreements on cooperation with Pakistan: envoy – Enterprise & Finance

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Iraq to signal agreements on cooperation with Pakistan: envoy – Enterprise & Finance

ISLAMABAD: Ambassador of Iraq in Pakistan Hamid Abbas Lafta on Sunday stated that Pakistan and Iraq will signal agreements on cooperation in numerous sectors, together with commerce promotion and tariff rationalization to reinforce the bilateral financial and commerce ties.

Pakistan and Iraq will signal 10 agreements to advertise such cooperation in coming June, which is able to mark the start of a brand new period in enhancing bilateral relations, the Ambassador of Iraq to Pakistan advised APP right here.

These agreements can be signed on tax and tariff exemptions, financial and commerce cooperation, promotion of diplomatic cooperation, human trafficking, Coordination in crime, drug and air connectivity, he stated.

Ambassador Lafta stated that there was an enormous potential for the event of bilateral commerce between the 2 international locations in close to future.

Ambassador stated that Iraq was a free market the place there have been huge alternatives for Pakistani buyers, from which the native enterprise group can profit from.

He stated the present $100 million bilateral commerce must be doubled, which might require new petroleum, tourism cooperation on each side and extra services for mutual air journey. Talks are additionally underway to make air connectivity more practical in each the international locations and agreements can be signed on this regard, he added.

Ambassador stated that with a purpose to enhance financial and commerce cooperation, it was essential to know one another’s markets and on this regard exhibitions and seminars must be organized to extend the curiosity of enterprise class and buyers of each the international locations to advertise mutual financial cooperation.

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He stated that about 200 businessmen had gone to Iraq to take part within the commerce exhibition this yr 2022.

In response to a different query, he stated that 200,000 Pakistanis go to Iraq yearly for non secular tourism, the variety of which is rising yearly and the Iraqi authorities gives them with finest services in each approach doable.

The Iraqi Envoy stated that these hundreds of spiritual devotees go to the Iraqi cities of Karbala, Najaf and Baghdad yearly and their locals don’t go away any stone unturned of their service and love.

As well as, there’s a want to draw Pakistanis for conventional tourism within the vacationer areas of Iraq, which is able to increase tourism on each side, he stated.

He stated that particular consideration is being paid to the services for vacationers in Iraq and there are lots of alternatives for overseas vacationers to come back to Iraq for tourism.

In response to a different query, he stated that Iraq is presently one of many largest producers of petroleum on this planet. He stated that Iraq was prepared to satisfy the vitality wants of Pakistan and talks had been underway between the 2 international locations on this regard.

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The post Iraq to signal agreements on cooperation with Pakistan: envoy – Enterprise & Finance appeared first on India Express Online.

Source: Around the Globe

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