By John Lee.

Jordan and Iraq have reportedly started studies to create a joint free industrial zone on their shared border.

A Jordanian government official told Xinhua that an Iraqi delegation visited Jordan this week to check the capacity of factories that will benefit from a decision by Iraq to exempt commodities — including plastics, pharmaceuticals, detergents, chemical materials and food products — from custom duties.

It is expected that the new free-zone will create allow Iraqi businesses to benefit from exemptions and advantages under free trade agreements that Jordan has signed with several countries.

It will also help to increase Jordanian exports to Iraq, which rose by 26.7 percent in 2018 to 465.9 million Jordanian dinars (3.9 million U.S. dollars).

(Source: Xinhua)

By John Lee.

Iran and Iraq have signed a Memorandum of Understanding (MOU) to set up joint industrial zones.

Iran’s Minister for Industry, Mining and Trade, Mohammadreza Nematzadeh and Iraqi Minister for Industry and Minerals Mohammed Shia ‘Al Sudani signed the agreement on Sunday.

Minsiter Al Sudani said he future of ​​Iraq is to increase private sector cooperation between the two countries.

(Source: Iranian Ministry for Industry)

The successful completion of the project “Enhancing investments to Iraq through industrial zone development”, implemented by the United Nations Industrial Development Organization (UNIDO), was marked at an event in Amman today.

Funded by the Government of Italy, the project assisted the Government of Iraq in developing industrial zones that provide a favourable business environment for domestic and foreign companies.

“Iraq considers the establishment of industrial zones instrumental for boosting the domestic economy. UNIDO’s project has helped revitalise the private sector and promote investments from within and from outside of the country,” said Salman Al-Jumaili, Minister of Planning of the Government of Iraq.

The event brought together representatives from the Government of Iraq, the Kurdistan Regional Government of Iraq, the Iraqi private sector and donors. Participants showcased feasibility studies on establishing industrial zones, and discussed a draft road map to develop industrial zones in Iraq.

Participants at another meeting also held in Amman this week discussed UNIDO’s project titled “Strengthening the national quality infrastructure to facilitate trade and enhance consumer protection”, which was launched in Iraq in 2012 with funds from the Swedish International Development Cooperation Agency (SIDA).

The project aims to enhance trade capacity in Iraq. “We wish to integrate Iraq’s national quality infrastructure into the regional and multilateral trading system and create an enabling environment for better trade performance and consumer protection,” said Ali Badarneh, who manages this project.

Representatives from the Iraqi Ministry of Planning, the Iraqi Central Organisation for Standardization and Quality Control and UNIDO reviewed the progress of the project and discussed how to enhance cooperation during the implementation process.

(Source: United Nations)

The successful completion of the project “Enhancing investments to Iraq through industrial zone development”, implemented by the United Nations Industrial Development Organization (UNIDO), was marked at an event in Amman today.

Funded by the Government of Italy, the project assisted the Government of Iraq in developing industrial zones that provide a favourable business environment for domestic and foreign companies.

“Iraq considers the establishment of industrial zones instrumental for boosting the domestic economy. UNIDO’s project has helped revitalise the private sector and promote investments from within and from outside of the country,” said Salman Al-Jumaili, Minister of Planning of the Government of Iraq.

The event brought together representatives from the Government of Iraq, the Kurdistan Regional Government of Iraq, the Iraqi private sector and donors. Participants showcased feasibility studies on establishing industrial zones, and discussed a draft road map to develop industrial zones in Iraq.

Participants at another meeting also held in Amman this week discussed UNIDO’s project titled “Strengthening the national quality infrastructure to facilitate trade and enhance consumer protection”, which was launched in Iraq in 2012 with funds from the Swedish International Development Cooperation Agency (SIDA).

The project aims to enhance trade capacity in Iraq. “We wish to integrate Iraq’s national quality infrastructure into the regional and multilateral trading system and create an enabling environment for better trade performance and consumer protection,” said Ali Badarneh, who manages this project.

Representatives from the Iraqi Ministry of Planning, the Iraqi Central Organisation for Standardization and Quality Control and UNIDO reviewed the progress of the project and discussed how to enhance cooperation during the implementation process.

(Source: United Nations)