BRYAN
07-30-2005, 05:24 AM
London
The conflict in Iraq has proved to be a challenging prospect for the international business community. Despite the passing of two years since the end of major hostilities, the security situation remains precarious for many parts of the country. However, business opportunities are still massive for those willing to take a chance, says a study by a UK expert.
Iraq's potential to become the largest market in the Middle East is well known, but there is a case for arguing that in recent months the incentive for potential investors has not been matched by innovation in methods of accessing the Iraqi market, says Patrick Forbes, head of external relations at the Arab-British Chamber of Commerce, in his report "Assessment of the Business Climate in Iraq".
The latest trade figures show that UK exports to Iraq increasing 100 per cent in the first quarter of 2005 over the first quarter of 2004. However, this total is a mere £47.3 million, which amounts to a drop in the ocean when compared with the volume of British exports to the UAE for the same period: £1.025 billion, he says.
http://www.tradearabia.com/tanews/newsdetails_snECO_article91050.html
A real good report on Iraq
The conflict in Iraq has proved to be a challenging prospect for the international business community. Despite the passing of two years since the end of major hostilities, the security situation remains precarious for many parts of the country. However, business opportunities are still massive for those willing to take a chance, says a study by a UK expert.
Iraq's potential to become the largest market in the Middle East is well known, but there is a case for arguing that in recent months the incentive for potential investors has not been matched by innovation in methods of accessing the Iraqi market, says Patrick Forbes, head of external relations at the Arab-British Chamber of Commerce, in his report "Assessment of the Business Climate in Iraq".
The latest trade figures show that UK exports to Iraq increasing 100 per cent in the first quarter of 2005 over the first quarter of 2004. However, this total is a mere £47.3 million, which amounts to a drop in the ocean when compared with the volume of British exports to the UAE for the same period: £1.025 billion, he says.
http://www.tradearabia.com/tanews/newsdetails_snECO_article91050.html
A real good report on Iraq