Pakistan President Calls for Expanded Trade and Business Ties With Iraq
Pakistan President Asif Ali Zardari has met with the caretaker prime minister of Iraq in Baghdad. This visit aimed at promoting economic cooperation even further. Zardari speaking during the meeting highlighted the necessity of boosting trade and business interactions to power development in the critical areas of both economies.
Topics of the meeting included improving the relationship between the chambers of commerce and promoting the private sector’s involvement. Zardari insisted on the necessity of the trade processes being made easier and investment flows being increased which could, in turn, be beneficial for industries of both countries.
The economic delegations of Pakistan and Iraq were engaged in the discussion of the barriers that have been impeding trade activity and were also looking for ways to practically improve bilateral exchange. Business leaders from both nations were given the support to spot the sectors of cooperation in agribusiness, energy, and infrastructure.
Zardari pointed out that trade-related closeness would not only create more employment opportunities but also lead to the strengthening of the economies’ natural resilience. He mentioned that the increasing commercial relations with Iraq is in line with Pakistan’s overall trade policy of fostering regional economic integration.
Officials from both nations laid out the mutual cooperation frameworks for the future in areas like the reduction of customs delays and development of logistics. The Iraqi representatives showed their willingness to accept a larger number of products and services from Pakistan in their markets.
The meeting took place amid a renewed diplomatic engagement. Leaders from Islamabad and Baghdad revealed that they are not only looking to enhance political ties but also to strengthen economic links, which could lead to sustainable development.
The export sector of Pakistan has been struggling for the last few years because of the global supply chain shifts and the limitations in local production. During the meeting, the Indian officials said that working closely with Iraq and other partners like Iraq might open up new markets for Pakistani products, hence, easing the situation.
The two parties committed to maintaining high-level contact and to organizing subsequent talks with the business councils and trade delegations in the coming months. They intend to help the region, which is experiencing complex changes, to have mutual growth and stability by erecting stronger economic bridges.
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