Saturday, February 25, 2012

Office of International Trade: the establishment of a free trade zone in Basra Seder substantial funds for the country

Saturday 02/25/2012

Basra (news) .. Chancellor declared the economy in the Office of International Trade and Transport in Basra reconcile inhibitor study prepared for delivery on the establishment of a free economic zone of the commercial exchanges to the National Investment Commission for the purpose of learning of the importance of this project for the Iraqi economy.
The inhibitor (of the Agency news) on Saturday: was handed over design study prepared by the Office of International Trade and Transportation to the National Public Investment on the establishment of free economic zone for the exchanges of trade on the Iraqi border in Basra.
He added: We ask the Council of Ministers approving the establishment of a free zone for international trade and industrial exchanges on Iraqi soil will be the center being the fulcrum of the producing companies in the world shopping for their goods from Iraq and will generate substantial funds compete for the country's annual oil revenues.
He explained: that the region will exceed the voyage to transport goods across the Mediterranean and the Suez Canal, which goes on its journey to (14) days until it reaches the exact location, leading to reduced cost of goods and the distance between producing and consuming countries have as well as it will reduce prices up goods (45% to 55%).
He pointed to: that this region will be the focal point for gathering investment companies and major manufacturers in the world Kalomirkah and European, Japanese, Chinese and either
Build factories or produce and its cargo and covered in the same region.
The Office of International Trade and Transportation held a seminar in Baghdad in the presence of a range of economic and political figures to demonstrate the importance of establishing a free zone for the exchanges of trade on the Iraqi border.

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