The Kuwaiti ambassador in Baghdad, said Friday that his country had begun development of legal and administrative procedures to facilitate the entry of Iraqi merchants to Kuwait in order to expand trade between the two countries.
He said in a statement to the insured singled out by the Kurdish news agency (Rn) that “the government decided to Alkotah understanding with the Iraqi Chamber of Commerce on a facility to enter the Iraqi traders to work in Kuwait in order to expand trade between the two countries.”
He added that “the procedures to enter the Iraqi traders shortened the Chamber of Commerce of Iraq and the Kuwaiti Chamber of Commerce and the Department of Immigration Kuwait, and will facilitate and speed up procedures (visa) to allow them to carry on business in Kuwait in the shortest period.”
He said, “Kuwait is working with the Iraqi government to expand trade and stimulate participants between the two countries and to avoid misunderstandings about some of the issues through constructive dialogue between the two sides.”
The volume of trade exchange with Kuwait $ 250 million in 2011.
Relations between Baghdad and Kuwait, a significant improvement in the past few years as it seemed to go beyond the implications of the Iraqi invasion of Kuwait, the regime of Saddam Hussein in 1990.
And re-open its embassy in Kuwait, Iraq in 2008 after nearly 19 years of uninterrupted diplomatic relations between the two countries, while the re-opening the Iraqi embassy in Kuwait in 2010.
The two sides began to form joint committees to resolve the existing problems between them, especially the problem of war reparations invasion of Kuwait by Saddam Hussein’s regime in 1991, and the demarcation of the border, and the missing Kuwaitis, and the joint oil fields, and others.
Iraq had announced its intention to build a port of Faw since 2005, where he laid the foundation stone in April 2010, a year before the Kuwait Declaration at the port of Mubarak, but he did not initiate the implementation process so far.
Placed in Kuwait in April the foundation stone to build a port, “Mubarak Al-Kabeer” in Bubiyan Island, which lies in the far north-west Persian Gulf, and is the second largest island in the Gulf (890 square kilometers) after the Iranian island of Qeshm.
And Iraqi experts say that the port will make the Kuwaiti coast extends over a distance of 500 km, while the coast would be limited to Iraq in an area of 50 km, warning that the project could cause a new political crisis between the two neighbors on the grounds that it would lead to “strangle” the only sea port of Iraq.
The Currency Newshound 