Iraqi and Bahraini Ministers Discuss Economic Cooperation in Manama
On Monday, Iraqi Minister of Commerce Atheer Dawood Al-Ghurairi met with Bahraini Minister of Trade and Industry Abdullah bin Adel Fakhro in Manama, Bahrain, to discuss joint economic cooperation and investment opportunities between the two countries. The meeting focused on aspects of collaboration in economic, trade, and investment fields, as well as activating the work of the joint Iraqi-Bahraini committee.
Why this matters: The strengthening of economic ties between Iraq and Bahrain can have a significant impact on regional trade and investment, potentially leading to increased economic growth and stability in the Middle East. Furthermore, this cooperation can also pave the way for other countries in the region to follow suit, fostering a more integrated and prosperous economic landscape.
During the discussions, Al-Ghurairi emphasized the Iraqi government's keenness to open up its economic, trade, and investment relations with all countries, including Bahrain. He highlighted the significant investment opportunities available in Iraq, particularly in the aluminum and food manufacturing industries. "There are great investment opportunities in Iraq, and Bahraini companies can benefit from these opportunities by concluding partnerships between the Iraqi and Bahraini private sectors, which will have an impact on the localization of Bahraini industry on Iraqi territory, especially in the field of aluminum and food manufacturing industries, in a way that serves the joint interests," stated Al-Ghurairi.
The Iraqi Minister also stressed the necessity of activating the joint committee and holding its meetings soon to stimulate trade movement between the two countries. He extended an invitation to the Bahraini side to participate in the upcoming 48th session of the Baghdad International Fair.
In response, the Bahraini Minister expressed his country's desire to open up its economic and commercial relations with Iraq, supporting the interests of both brotherly peoples and exploiting opportunities in the Iraqi market. The two ministers agreed to hold joint committee meetings soon, consistent with the interests of both countries.
The meeting between Al-Ghurairi and Fakhro is part of Iraq's ongoing efforts to strengthen its economic ties with neighboring countries and boost its economy. By fostering partnerships and identifying investment opportunities, Iraq aims to promote trade, attract foreign investments, and drive economic growth in various sectors. The activation of the joint Iraqi-Bahraini committee and the participation of Bahraini companies in the Baghdad International Fair are expected to further enhance the economic cooperation between the two nations.
Key TakeawaysIraq and Bahrain discuss joint economic cooperation and investment opportunities.
Strengthening ties can boost regional trade, investment, and economic growth.
Iraq highlights investment opportunities in aluminum and food manufacturing.
Joint committee meetings to be held soon to stimulate trade movement.
Bahrain invited to participate in the 48th Baghdad International Fair.
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