Minister Kamal Muslim Saeed on the Ministry of Trade and Industry’s priorities in 2020.
On the environment for industry in the Kurdistan Region of Iraq (KRI)
Over the last few years, the KRG has undertaken institutional reforms to improve the environment for industrial development. We have simplified procedures to reduce the time needed to obtain licenses and revised the forms related to the payment of taxes and fees. Industry, which plays a critical role in our economic development policy, is one of the sectors prioritized by the KRG. In 2018 alone, 90 industrial projects were approved by the Ministry of Trade and Industry. Currently, there are 3,605 factories in the KRI. I strongly believe that investment in industry will increase in the coming years.
Building a solid legal framework, undertaking institutional reforms, building industrial zones, and boosting our trade ties with our neighbors are our priorities in 2020.
KRG Minister of Trade & Industry, Kamal Muslim Saeed
On the key objectives and priorities in 2020
Building a solid legal framework, undertaking institutional reforms, building industrial zones, and boosting our trade ties with our neighbors are our priorities in 2020. We will continue working to eliminate any obstacles to trade and industry, opening the way for local and international investment. We will strengthen Kurdistan’s trade ties with other countries and strengthen relations between our public and private sectors at home.
Our aim is to lay a strong foundation to boost the investment climate in the KRI and to achieve sustainable growth. We aim to open up our economy and attract large companies around the region to invest here.
