A member of the Erbil Chamber of Commerce and Industry: This month alone, four major global investors have visited Kurdistan.
A representative of the Erbil Chamber of Commerce and Industry stated that in the past month, a significant number of foreign traders, particularly from leading global economies, have visited Kurdistan and signed agreements to enhance trade relations, reflecting the region’s growing economic strength.
Ibrahim Muhammad Agha, a member of the Erbil Chamber of Commerce and Industry, told the Kurdistan Globe:
“Within one month, three major global delegations have visited Kurdistan to explore opportunities in trade and industry, reaching agreements. These delegations were from Poland, the United States, and India. The latest delegation, from India, signed a memorandum of understanding on December 12, 2024, between the Erbil Chamber of Commerce and Industry and the India Trade Promotion Council. The signing ceremony was attended by Gaylan Hajj Saeed, President of the Erbil Chamber of Commerce and Industry, and Madan Gopal, Consul General of India in Erbil.
What is significant to us is that the Kurdistan Region has long-standing relations with India, the United States, and Europe. We remain hopeful that these ties will continue to progress across all sectors.”
He added:
“The geographical location of Kurdistan is highly strategic, serving as a transportation hub connecting Iraq and Arab countries to Turkey and Europe. Countries like India, the United States, and European nations are key importers of oil from Iraq, while Iraq, in turn, imports substantial quantities of goods from these countries.
Kurdistan is the most stable and attractive destination for trade and investment in the region. Consequently, these countries are closely monitoring Kurdistan’s stability and development. We hope that the signing of these agreements will provide a strong incentive to advance trade processes across all sectors for mutual benefit. Additionally, we encourage global companies to invest in Kurdistan under the region’s investment law, which provides numerous incentives. Notably, foreign investors are granted the same privileges as local investors.”
Ibrahim Muhammad Agha further emphasized:
“The Kurdistan market requires investment across all sectors and offers inclusivity and significant growth potential. The ninth cabinet of the Kurdistan Regional Government, led by Prime Minister Masrour Barzani, has provided extensive facilities and services to support this endeavor. The commercial and economic relations between the Kurdistan Region and international traders are currently at an excellent level. It is vital that we focus on developing all sectors and encourage global companies to deepen their engagement with the region.”
He concluded:
“This month alone, representatives of 30 major American investors and companies visited Kurdistan and met with the President of the Kurdistan Regional Government. Additionally, the Polish Trade High Delegation, alongside more than 40 business owners and traders from Van, Turkey, participated in the Erbil International Exhibition, focusing on agriculture, livestock, and food sectors.”