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Kuwait keen on boosting economic ties with Iraq
January 30, 2019, 8:18 am

Chairman of the Kuwait Chamber of Commerce and Industry (KCCI) Ali Al-Ghanim stressed keenness to strengthen joint economic ties with Iraq for the benefits of the two countries. Trade relations between Kuwait and the city of Basra have a social and cultural history, AlGhanim said in a statement Tuesday following his meeting with the Head of Iraqi Businessmen Association in Basra Sabih Al-Hashemi and his accompanying delegation.

The official and commercial visits have contributed to promoting bilateral trade and investment cooperation, he said, as he stressed the Chamber's readiness to provide services available to Iraqi business owners, facilitate their business in the country and establish trade and investment partnerships with their Kuwaiti counterparts to enhance trade exchange between the two countries.

For his part, Al-Hashemi said in a similar statement that the economic relations between the two countries are progressing, as he called on the Kuwaiti business sector to take advantage of available investment opportunities in Basra which enjoys political and security stability. Iraq put new mechanisms to attract foreign investment in addition to the presence of Kuwaiti consulate in Basra, which facilitates the work of Kuwaiti investors, mainly including entry visas, he added. 

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