FICC: Iraq sent a positive message to the world after entering the SWIFT platform

INA-  Baghdad

The Federation of Iraqi Chambers of Commerce FICC confirmed today, Sunday, that Iraq has promising investment opportunities in all terms of reference, while noting that its entry into the SWIFT platform gave a positive message to all countries of the world.

"Iraq has thousands of promising investment opportunities and all oil specialties, agro-industrial, commercial and tourism, especially as it is a multi-good and location country," the head of the Federation of Iraqi Chambers of Commerce Abdul Razzaq Al-Zuhairi told the Iraqi News Agency (INA).

He added that "there are great opportunities that can be global," stressing "the real need to extend the law and send a positive message to the world that Iraq is a safe environment for investment, in addition to the need for banks to have a global correspondence through which the investor can enter and exit funds."

He explained, "Iraq's entry into the platform in Swift gave the world a positive message that Iraq's money and financial transactions are honest," noting that "the union has all the powers to approach international companies through the federations of the chambers of commerce and industry in the countries of the world."

He added, "Iraqi investments are large and widespread in all countries of the world, including Oman, Dubai and Turkey, because the laws there are easy and simplified," calling on "the government to improve the administrative of these processes and eliminate red tape, bureaucracy, nepotism and other things that keep the investor from investing his money in Iraq."