The Indian Ambassador stated that they encourage entrepreneurs and businesspeople from both the Kurdistan Region and India to strengthen and broaden their partnerships

Date:

Share post:

The Indian Ambassador to Iraq, Somin Pakchi, has emphasized the growing importance of trade ties between India and the Kurdistan Region, advocating for further collaboration between entrepreneurs and businesses from both regions. During a recent meeting with officials from the Kurdistan Regional Government (KRG), Ambassador Pakchi highlighted the necessity of establishing a joint trade platform to foster bilateral investments and expand mutual trade relations.

In his address, Pakchi reiterated India’s commitment to facilitating business exchanges, noting that such platforms would play a pivotal role in enhancing economic cooperation and offering comprehensive support for both sides. He underscored that this initiative is crucial for increasing the flow of goods and investments, while contributing to the overall growth of trade relations between the two regions.

As part of ongoing efforts to enhance commercial links, a trade delegation from India, led by Ambassador Pakchi, visited the Ministry of Commerce and Industry of the KRG on Tuesday. This visit came ahead of the opening of an Indian trade center in Erbil, set to launch today.

Trade between India, Iraq, and the Kurdistan Region is currently thriving, with key imports from India including textiles, tea, coffee, and rice. These goods continue to play a significant role in fostering trade ties and reinforcing economic connections between the regions.

Related articles

Brent Crude Returns Above $84 as Supply Risks Persist

Oil prices edged higher on Tuesday after suffering sharp losses in the previous session. Renewed concern about possible...

Salary Funds Expected to Reach Kurdistan Region by Mid-Next Week

A senior source in Baghdad says no legal or political obstacles remain to transferring salaries for public employees...

SOMO: Kurdistan Region Oil Output Falls to 20,000 Barrels per Day

Oil production in the Kurdistan Region has fallen from 230,000 barrels per day to only 20,000 because of...

Genel Energy Reports 66% Drop in Tawke and Peshkabir Oil Output

Genel Energy reported a 66.3% decline in combined oil production from the Tawke and Peshkabir fields during the...