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Iraq kicks off major trade exhibition in Baghdad

English.news.cn   2012-11-01 21:19:19            

BAGHDAD, Nov. 1 (Xinhua) -- The Iraqi Ministry of Trade on Thursday opened the doors of its trade exhibition in Baghdad with the participation of some 1,500 companies from 20 countries.

Addressing the opening ceremony of the 39th Baghdad International Fair, Prime Minister Nuri al-Maliki said that "Iraq is now the investment opportunity in the region that everything here needs for reconstruction, particularly its infrastructure."

Maliki said that Iraq has a package of laws and regulations that might protect the investing foreign capital in Iraq, one of which approved by the Iraqi parliament in 2006.

Maliki also pledged to support any needed amendment on investment law, if proved that it creates obstacle in the way of attracting foreign capital to the country.

Sadiq Hussein Sultan, chief of the State Company for Iraqi Fairs and Trade Services, told reporters that 1,500 companies from 20 countries, including some local ones, have participated in the ten-day annual session of Baghdad International Fair.

Iraqi security forces carried out a new plan to secure the exhibition by intensifying their intelligence efforts instead of militarizing the scene and kept presence of Iraqi troops at minimum level, Sultan said.

"We have an agreement with Baghdad Operation Command, which is responsible for the security in the Iraqi capital, to avoid blocking the main roads to keep the free movement for the people and the visitors of the exhibition," Sultan added.

Iraq is seeking to attract investment to the country for reconstructing after suffering from neglect throughout the long years of sanctions, wars and chaos.

Editor: Yang Lina
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