Iraqi banks offer broad partnership with French counterpart

[Stillw8n]

Iraqi banks offer broad partnership with French counterpart

Council is seeking employers to persuade the Iraqi French French companies to expand their investments in Iraq during the fourth meeting of the Council to be held in Baghdad on Wednesday.

As part of his bid, ask this Council a set of axes regulatory and economic, including requiring the French company member with the Council and working in various sectors of banking, industrial, agricultural and commercial «to be its participation in investment projects within the country through the field representation directly and through partnership with the Iraqi side exclusively».

In an interview with Radio Free Iraq The representative of the Iraqi side of the Council of heads of the Iraqi business French willing Blibl «that the Iraqi banks will be the center of the broad partnership and field with its French counterpart« as well as there will be a focus of the national investment in the field of investment opportunities unexploited and the possible expansion of the French role in this direction as well as More »exclusive reliance on labor and Iraqi companies in the implementation of investment projects that will win the French companies».

He Blibl that «the Iraqi side will seriously to convince his French counterpart to give up on the state of extreme caution that continued stewards accordingly since 2003 and even today about dealing with the issue of investment in the Iraqi market», as well abandon the «idea of ​​infinite effort, the investment in the government sector», the two are caused primarily on the survival of French investments in Iraq «without the level of ambition over the past years».

For his part, asserts Professor of Economics at the University of Mustansiriya Dr. Abdul Rahman al-Mashhadani that the issue of «care» is not the cause shortness of the Department of French investments in the years following 2003, but that «the real reason is in the case of obvious shortcomings of the potential human and material suffered by the Iraqi private sector and his companies is what makes the partnership with the investment is not guaranteed and investors pay the French to look for secure investments which are not provided unless the government sector during the current circumstances ».
He also called al-Mashhadani, based on the fourth meeting of the Council of heads of the Iraqi business French Iraqis to think hard «to improve image and reputation of private Iraqi companies to the attention of French investors» by raising the level of performance and application of standards quality and regulatory compliance and registration laws and the work of accredited companies «if they want to sector companies Iraqi private to persuade its French counterpart actually serious and widespread investment in the Iraqi market ».

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