August 2, 2010Economic: strained Iraqi-Kuwaiti relations reflect negatively on the economy of both countries
Iraq specialist in the field of economy, on Sunday, The consequences of the political crisis between Iraq and Kuwait, reflected negatively on the economic relations between the two countries, especially on the Kuwaiti side, at the time should have been in Kuwait, debt forgiveness for Iraq as part of From the promotion of cargo and re-economic activity in Iraq.
Jaafar al-Baker told the Kurdistan News announced today that "the repercussions of the political crisis between Iraq and Kuwait, especially political escalation in recent times, and directly contributed to weaken the economic relations between the two countries."
He explained that "the political crisis between the two countries affected the Kuwaiti economy beyond its impact on the Iraqi economy, considering that the Kuwaiti market is very small market compared to Iraq."
The Baqer said the "merchants of Kuwait, despite the fears of the strained relations between the two countries, but they seize opportunities to market their goods to Iraq," noting that "hundreds of Kuwaiti tankers intervention on a daily basis to Iraq through the border crossing only in the Safwan (west of Basra)"
He pointed out that "traders in general do not like the adventure under the Iraqi-Kuwaiti relations, which is getting worse and escalated day by day."
In the same context between Baker "He should have been in Kuwait for Iraq to give up all their debts as part of a promotion for their wares, and then restart economic activity inside Iraq."
According to Baker, the "Iraq has had many outlets enjoys good about the need to Kuwait, which we see a clear and evident from the trade fairs held by many countries, notably Turkey and Iran in all the cities of Iraq."
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