UK announces £1 billion increase in trade support for Iraq, Kurdistan
The United Kingdom has announced a £1 billion (just under $1.3 billion) increase in trade support focused on increasing public services to Iraq and the Kurdistan Region.
The announcement came as Secretary of State for International Trade Liam Fox arrived on top of a delegation in the Iraqi capital Baghdad on Sunday.
In a statement on Tuesday, the UK government said the delegation targeted finalizing the deal to expand “support available for British firms operating in Iraq, providing jobs and promoting stability in the region.”
The measure, according to the statement, is designed to “promote Iraq’s economic development and nation-building” and ensure the UK trade office “can continue to help the Government of Iraq deliver critical infrastructure.”
Meanwhile, after a separate meeting with the UK official, President Barham Salih said the two sides reviewed the bilateral relations, notably in the fields of trade and economy, as well as the need to expand these ties in a way that serves the interest of the two countries and peoples. Source