KRG High Representative meets with Edinburgh chambers and commerce officials
News : 2/6/2025
United Kingdom, Scotland , www.uk.gov.krd. Kurdistan Regional Government High Representative Karwan Jamal Tahir met with Mayan Grace, Director of
Projects & International Trade Activities and Joanna Davidson, Director of Policy & Insights at the Edinburgh Chamber of Commerce. During the meeting, both sides discussed about how to develop and improve trade relations between Scotland and the Kurdistan Region as well as the economic and investment conditions in the region.
In addition to
highlighting the investment opportunities in the Kurdistan Region and the laws
and regulations for foreign investors and companies operating in Kurdistan, Mr
Taher also discussed the region's economic growth, infrastructure development,
and the KRG's strategy to diversify the Kurdistan Region's economy and wean
itself off of reliance on oil and gas as its sole revenue source.
The aim of their visit, he said, was to talk
about how to strengthen ties with the Edinburgh Chambers of Commerce and
Scottish businesses and investors, link them with the Kurdistan Chambers of
Commerce and local businesses, and increase trade between the two nations.
According to KRG UK High Representative, the
Kurdistan Region is an emerging market with plenty of investment and employment
prospects. In order to gain a thorough understanding of the investment prospects
in both regions, he recommended that a joint economic and trade forum be organised
in Erbil or Edinburgh with the cooperation of both regional governments for Scotland
and Kurdistan.
Accordingly, he recommended that a formal delegation
made up of representatives from the public and private sectors travel to Scotland,
meet with their counterparts, and establish a solid rapport. In order to establish
a strong economic and trade relationship between the two nations, the Edinburgh
Chambers of Commerce expressed their gratitude for the meeting and reaffirmed their
willingness to work in any capacity with the Kurdistan Chambers of Commerce,
companies, and the Kurdistan Regional Government's Representation in the United
Kingdom.
They said that because they are ranked second in
the UK and among the top 10 cities worldwide for scientific and technological advancements,
their chambers work extensively with nations and regions, particularly in
emerging markets, and that their activities span all different sectors.
To develop a viewpoint on how to link economic
relations and find investors and private businesses that can support the
proposed forum, the Edinburgh Chambers of Commerce requested additional information
during the meeting regarding the priorities of the sectors that the Kurdistan
Region hopes to share and discuss with the Chamber's member companies and
members.
Edinburgh, Scotland
February 7, 2025