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Shahristani: South Korean investment in Iraq reached $ 12 billion, and invites them to encourage their companies (PFP)

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dealerdean


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Range Press / Baghdad

Iraq confirmed on Tuesday, seeking to promote the policy of the free market and encourage foreign investment, both direct and indirect, calling on South Korea to strengthen relations of cooperation at all levels and to encourage its companies to invest in Iraq in light of achieving trade volume with $ 12 billion annually.

This came during a speech, Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, today, in the Korean Iraqi investment conference, held in the capital, Seoul.

Shahristani said, in a statement received (range Press), a copy of "The Iraqi government is currently working to promote policy of the free market through the creation of legislation new economic fit with the openness of global economic", returned it, "تشجعا of foreign direct investment and indirect in Iraq."

Shahristani said, that "the volume of trade exchange between Iraq and South Korea reached $ 12 billion annually," calling "to promote mutual cooperation between the two countries on Alassadh all, especially companies entering Korean field of investment in the fields of oil, electricity, transportation, housing, ports and communications."

It is noteworthy that a large delegation headed by Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, is currently visiting South Korea, its membership includes a range of ministries and agents and general managers as well as businessmen.


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