Al-Sudani: Iraq imports goods worth 70 billion dollars annually , 17 FEB

 Al-Sudani: Iraq imports goods worth 70 billion dollars annually

Economy     Iraq     Holland    Import     Muhammad Shiaa Al-Sudani  2024-02-15 09:31  Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani said on Thursday that Iraq annually imports $70 billion in goods, indicating that the government’s priorities are reforming the economy and not continuing to rely on oil revenues.

This came during a speech by Al-Sudani, which he delivered at a dialogue seminar held in the Dutch city of Rotterdam, attended by a number of businessmen and representatives of 40 companies, according to a statement received by Shafaq News Agency. Al-Sudani stated,

"Iraq is going through a state of recovery today, at various levels, after passing the stage of the war against ISIS, in which the Iraqi people won, with the support and backing of the international community, and the Netherlands was among the countries supporting these efforts." He added:

"We asked the international coalition to end its mission in Iraq, which lasted 10 years, in light of the readiness and efficiency of the Iraqi security services."  

Regarding the economic file, Al-Sudani stressed, “The government has priorities, including reforming the Iraqi economy, through two tracks.

     The first is achieving reforms in the various economic, banking and financial sectors, and gas investment, and   the other is implementing projects that provide job opportunities and meet our needs for services and goods.”

Regarding the water issue, the Prime Minister pointed out the start of a program to use water optimally, in light of the conditions of scarcity that the region and the world suffer from,” adding:

“We supported farmers and farmers in acquiring modern irrigation systems, and we are trying to invest in the successful experiences in the Netherlands to confront water scarcity in Iraq.”.  

Regarding investment projects, Al-Sudani said, “The Iraq Fund for Development will engage with the private sector in implementing projects away from the government, whose role will be planning and organizing,” stressing that

“the government provides sovereign guarantees to the private sector of up to 85% for any project being implemented.” This is an unprecedented percentage.”  He continued:

"We have embarked on a radical reform of the financial and banking sector, and procedures related to compliance with international standards in financial transfers," noting that

"international and Arab banks have begun to open their branches in Iraq, and

there is will and work, at all levels of Iraqi state institutions, in order to move to reality." better".

https://shafaq.com/ar/اقتصـاد/السوداني-العراق-يستورد-سلعا-بـ70-مليار-دولار-سنويا