Tuesday, November 9, 2010

Economists: the recent violence have impeded the success of the Baghdad International Fair ...



09/11/2010

Economists: the recent violence have impeded the success of the Baghdad International Fair

Baghdad, The Iraqi economists, Tuesday, that the deadly bombings that took place in Baghdad last week, which negatively impacted on the demand for investment companies and citizens to the Baghdad International Fair, which opened earlier this month.

And said an economic expert Kausar Sumaisem to Kurdistan News Agency (Rn) that "Baghdad International Fair does not work as expected, because of security events that took place in Baghdad, recently embarrassed the companies demand local investment and citizens to exhibit."

The Sumaisem that "foreign companies that participated in the exhibition is worried about the lack of high level coordination with local Iraqi companies regarding the implementation of investment projects."

She explained that Sumaisem "Baghdad International Fair 37 fee for him to witness the signing of an agreement between the approximately 150 government and foreign companies, but that did not happen, because of security constraints in Baghdad last week."

The Iraqi Ministry of Trade confirmed earlier that the recent bombings that have occurred in Baghdad did not affect the work of the Baghdad International Fair, which was launched earlier this month.

In turn, said economist and teaching at the University of Mustansiriya Ali al-Shami's (Rn), that "investment companies local withdrew from the show, even though it was coming from the provinces after the bombings that occurred in the capital, remained foreign and Arab companies that the Iraqi government and provided them with the necessary security" .

Al-Shami explained that "the economic exhibitions in Baghdad and the provinces that will support the Iraqi economy if the government provided security conditions is the existence of an Iraqi investor safety."

The Iraqi government has promised to Baghdad International Fair, as a step towards building bridges of cooperation of Iraq - the Arab - the world, and a turning point in the Iraqi economy.

The first session of the Baghdad International Fair started in 1964, except that posts receded to only five countries even joined the show to the membership of international exhibitions in 1971, later to be host to the Arab and foreign countries.

And participates in the Baghdad International Fair, which he resumed his activity last year after a hiatus of years due to political events and security that followed the 2003 war, its current session of the 37 more than 700 companies are foreign, Arab and local.

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