Wednesday, September 4, 2024

DINAR REVALUATION REPORT: Switzerland Reopens Embassy in Baghdad to Strengthen Economic Ties, 4 SEPT

 Switzerland Reopens Embassy in Baghdad to Strengthen Economic Ties

In a significant diplomatic move, Switzerland has reopened its embassy in Baghdad, the capital of Iraq, after a 33-year hiatus.  The embassy was originally closed in 1991 due to the outbreak of the Gulf War.  The reopening, announced on September 3, 2024, signifies Switzerland's commitment to enhancing bilateral relations with Iraq and deepening cooperation in various sectors, including economic, security, and migration matters. 

A Step Towards Economic Development

Switzerland's decision to reopen its embassy in Baghdad is driven by the improved security situation in Iraq.  The country has emerged from long periods of internal conflicts, marking a new phase of economic development.   The reopening is also aligned with the Swiss Federal Council's MENA Strategy 2021–24, which seeks to foster closer ties with Middle Eastern and North African countries. 

Bilateral Cooperation and Economic Prospects

Iraq's energy resources and diversified economy offer promising long-term export and investment opportunities for Swiss businesses.  The Swiss government views the reopening of the embassy as a strategic move to enhance bilateral cooperation and advance Switzerland's economic interests in Iraq. 

Migration Cooperation

Bilateral cooperation in migration is another priority for Switzerland. The Federal Department of Justice and Police (FDJP) has been supporting migration-related projects in Iraq since 2020 and has recently increased dialogue with the Iraqi authorities.   A Swiss migration officer has been seconded to the new embassy to facilitate migration cooperation on the ground. 

Diplomatic Presence and International Relations

The Swiss embassy in Baghdad joins over 50 embassies from other countries, including 18 European countries and the European Union, indicating a robust diplomatic presence in the city.  The reopening of the embassy was a key topic of discussion when Federal Councillor Ignazio Cassis visited Iraq in 2021, and the Swiss foreign affairs committees formally approved the reopening in late 2023. 

The Role of Iraq in Regional Peace and Security

Iraq has played a significant role as a regional mediator, making efforts to promote peace and security in the region.  This strategic position further underscores the importance of Switzerland's diplomatic engagement with Iraq.

Initial Embassy Operations

Initially, the embassy will have a small staff, including the ambassador, Daniel Hunn, and two officers to support migration-related projects and dialogue with the Iraqi authorities.  The Swiss embassy in Amman, Jordan, will continue to manage consular services and process Swiss visa applications for Iraqi citizens. 

Conclusion

The reopening of the Swiss embassy in Baghdad on September 3, 2024, marks a pivotal moment in the strengthening of economic relations and diplomatic ties between Switzerland and Iraq. It reflects Switzerland's commitment to deepening cooperation in economic, security, and migration matters, as well as the Federal Council's strategic vision for the region.

No comments:

Post a Comment

Is the decline in oil prices related to the rise in exchange rates? An "important" clarification from Al-Alaq, 18 SEPT

  The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Wednesday, that all transfers are subject to auditing processes, w...