Business Coordination Meeting between TBI and German Liaison Office

Baghdad-Iraq

24^th May 2023

Trade Bank of Iraq (TBI) held its first coordination meeting with the German Liaison Office for Industry and Trade in Baghdad. The meeting was attended by the Trade Bank of Iraq President and Chairman of the Board, Mr. Bilal Sabah Al-Hamdani, the Advisor of the Iraqi Prime Minister, Mr. Muhammad Al-Darraji, and representatives of Commerzbank AG as well as Iraqi businessmen and a number of the bank team members.

The official spokesman for the Bank and Head of its Public Relations and Media, Mr. Ahmed Saad Al-Khazraji, speaking “This meeting comes under the direction of the Prime Minister, Mr. Muhammad Shia’a Al-Sudani, which aims to set a practical plan to support and develop various types of industrial and service projects”, he also stressed “ The Iraqi government is hardly working in steady steps towards substantial supporting and developing the industrial, economic and service sector as these sectors represent a key factor for the advancement of the Iraqi economy.

During this meeting, the Iraqi businessmen discussed a number of practical problems faced by them in establishing specialized industrial and service projects in Iraq, stressing their request to be granted banking and practical facilities by the Iraqi government. The German companies emphasized their practical seriousness to enter the Iraqi labor market by presenting their intended industrial, service and economic projects and establish strategic partnerships with Iraqi companies.

At the end, the Prime Minister’s advisor and the Trade Bank of Iraq President and Chairman of the Board affirmed that they will provide all possible practical facilities to support the Iraqi companies aiming to establish industrial, productive and service lines of work to advance the industry of our country, Iraq.