01/11/2010
France announces its intention to raise the volume of business dealings with Iraq to five billion dollars annually
Baghdad, The French Embassy in Iraq, on Monday, its intention to raise the volume of trade with Iraq to five billion dollars a year after it had been two and a half billion dollars, revealing that 230 French companies will be presented to Iraq in 2011 for the implementation of investment projects task.
He said the French ambassador in Baghdad, Boris Bohlen of the Kurdistan News Agency (Rn) that "France has an extensive plan to promote bilateral trade with Iraq for up to five billion dollars annually, beginning in early 2011, through the arrival of French companies have headers funds good will in the process of reconstruction and building residential communities in Iraq. "
The Bohlen that "more than 230 French companies want to operate in Iraq will come to Iraq soon to implement investment projects and dealing Alambeshrma economic ministries, to help Iraq recover its role in the industrial through providing advice to the Ministry of Industry and laboratory capacity."
Pullen added that "a large number of French companies seeking to assist Iraq in eliminating the housing crisis, including through the implementation of important investment projects in several provinces, especially those who have not seen security events."
And between the French ambassador, "We are dealing positively with the efforts by the Iraqi government in the implementation of investment projects, but we hope to end the obstacles faced by investors in general, especially to provide the land, and protection money to government banks, and open bank accounts in the French banks to facilitate the protection of the transfer of funds."
Pullen pointed out that "the French embassy to consider investing in Iraq and looks forward with hope at the same time to protect the funds of the investing companies and the provision of an effective climate for foreign investment."
The French companies topped the list of participation in the Baghdad International Fair, which opened today, Monday, topping the French investments in Iraq, the first number in comparison with the investment of other European countries, as Iraq has signed several decades with France over the past years, amounting to 40 million euros, or what equivalent of $60 million.
France is trying to embark on re-opening of the air navigation between Iraq and the stalled since the nineties of the last century to help him mediate in the Iraq and Kuwait to resolve the crisis file compensation claimed by the last outlet to remove Iraq from Chapter VII Alibd.
Was opened by the French embassy in Baghdad early last September, the center of the French business in Iraq in order to facilitate the entry of investment companies in the country.
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