Latest news with #Iraqi-Japanese
Iraqi News
3 days ago
- Business
- Iraqi News
Iraq, Japan sign agreement to support investment
Baghdad ( – In a significant effort to enhance collaboration between the private sectors of Iraq and Japan, Mohammed Al-Najjar, the head of the Iraq Development Fund, announced on Monday that Iraq and Japan have signed a Memorandum of Understanding (MoU) titled 'Logistics Cooperation to Support Investment.' In a statement to the Iraqi News Agency (INA), Al-Najjar clarified that the step promotes Iraqi-Japanese relations through broader participation by the private sectors in both countries. The agreement that aims to boost cooperation between the Iraqi and Japanese private sectors by sharing and exchanging information, as well as supporting, promoting, and coordinating business operations, was signed between the Japan Cooperation Center for the Middle East (JCCME) and the Iraq Development Fund. Al-Najjar described the agreement as significant, stating that it will create new opportunities and result in the establishment of two centers: one in Japan that represents the Iraq Development Fund and another in Iraq that represents the JCCME. The MoU establishes an Iraqi-Japanese platform that offers up new possibilities in terms of training and collaboration, according to Al-Najjar. For more than a decade, the JCCME has worked to promote trade and investment between Japan and Iraq through activities that aim to improve Japanese companies' understanding of Iraq, according to the Japanese Ambassador to Iraq, Akira Endo. Endo added that the JCCME helped organize annual Iraqi business seminars, sent delegations to critical industries in Iraq, and organized training programs in Japan for Iraqi authorities.
Iraqi News
4 days ago
- Business
- Iraqi News
Iraq and Japan Sign Memorandum of Understanding to Support Investment
The Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, announced on Monday the signing of a memorandum of understanding (MoU) with Japan titled 'Logistical Cooperation to Support Investment.' Al-Najjar told the Iraqi News Agency (INA) 'A memorandum of understanding was signed with the Japanese delegation under the title 'Logistical Cooperation to Support Investment.' This agreement is historic in that it transitions the Iraqi-Japanese relationship from a government-to-government framework to one involving the private sector.' He also expressed his gratitude to the Japanese side for their support over the past 20 years through various projects and loans. He added that 'the Japanese experience in Iraq is not merely technological, but a human one,' affirming that 'this agreement is historic and will open unprecedented horizons. It will establish two centers, one in Japan representing the fund, and another in Iraq representing the Japanese institution.' He continued 'We are working at a rapid pace. This agreement forms an Iraqi-Japanese platform that will unlock major opportunities in areas such as agency representation, training, and broader cooperation.'
