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Al-Zuhairi: More than 21 new economic items will soon see the light of day.
4/10/2025
Abdul Razzaq Al-Zuhairi, head of the Federation of Iraqi Chambers of Commerce, confirmed on Thursday that Iraq is making steady progress toward a promising investment environment. He noted that the government is serious about enacting a package of laws to strengthen the national economy, and noted that 21 new economic provisions will soon be enacted.
Al-Zuhairi said in a statement reported by the official news agency, and reviewed by Al-Eqtisad News, that "the union's work is broad and diverse, and it has become clear over the past three or four years that Iraq is living in a changing economic world that requires legislation and regulations that keep pace with global developments." He pointed out that "the current government is serious about enacting a package of new laws that contribute to strengthening the national economy."
He explained that "these laws, particularly those related to customs, taxes, and joining global platforms, in addition to granting sovereign guarantees, have greatly contributed to attracting the world's attention to the Iraqi market." He pointed out that "Iraq signed a memorandum of understanding with the International Chamber of Commerce in Paris regarding international arbitration, along with cooperation agreements with most European countries, which reflects Iraq's seriousness in opening up to the international community."
He added that "there are more than 21 new economic provisions scheduled to see the light of day soon, coinciding with field visits and extensive meetings with Prime Minister Mohammed Shia al-Sudani and active participation in international and Arab forums, which sent a clear message that Iraq has become an attractive environment for investment and is actually on the path to development."
Al-Zuhairi pointed to "the involvement of countries such as the UAE, Qatar, and Turkey in development projects within Iraq," considering this "clear evidence of the international community's confidence in Iraq's new reality."
He noted that "the current government differs from its predecessors in its approach to the private sector, providing it with unprecedented support and beginning to recognize the importance of its pivotal role in developing the national economy."
