Office of International Trade Calls for Establishment of a Zone Free International Trade and Industry on the Iraqi Border
|November 23, 2011||Filled under Iraq Daily News|
Basra (news) .. Student adviser to the Office of International Trade in Basra Tawfiq inhibitor to establish a free zone for the exchanges of commerce and industry on the Iraqi border, is certain: it will give a motive large for the Iraqi economy.
Al-Mani said in a statement to the Agency (news) on Saturday: “We demand the establishment of a zone free international exchange of business and industrial lands of Iraq and be the focus of a focal production companies in the world to shop their goods out of Iraq because of a major economic turnaround of the country and will be an alternative to oil revenues, annual.
He pointed out: it will cut the prices of goods up (45% to 55%) being shortened the distance and time of arrival of goods to importing countries.
And the inhibitor: In addition to that it will exceed the voyage to transport goods across the Mediterranean and the Suez Canal, which goes on its journey to (14) days for it to arrive at the spot, which lead to reduced costs of goods and distances between producing and consuming countries have.
He said: This will be the region a focal point for gathering investment companies and major manufacturers in the world Kalamrakih and European, Japanese and Chinese Vtkon either to build the factories it or cargo produced and is packed in this region that the countries of the Middle East is one of the consuming countries and non-productive.
The inhibitor is that this proposal was submitted to the Cabinet four years ago was rejected by the former minister of transport and prepared a letter to the Council of Ministers for not establishing such a zone without knowing the reasons, again demanding the establishment of this region being one of the areas of strategy of the country and received a lot of money to the state equal to revenue annual oil.
And called on the Chancellor in the Office of International Trade in Basra to activating the Law of Free Zones Authority, which was founded in the year (1997) and so far has not been activated, being one of the important laws, which calls for the establishment of free zones for trade exchanges in Iraq.
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