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Britain reveals the factors of the deterioration of the Iraqi economy

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Britain reveals the factors of the deterioration of the Iraqi economy

British Ambassador John Wilkes
Economy News _ Baghdad


The British ambassador to Iraq, John Wilkes, attributed the deterioration of the Iraqi economy to several factors, notably corruption, bureaucracy and investment laws.

"Iraq, with all the potentials of natural and human resources, the business environment according to international standards is better in Afghanistan compared to Iraq and even Nigeria with all its challenges and problems," Wilkes said in a video posted by the embassy on its Facebook page today.

Benefit from each barrel of oil more than three and a half times more than Iraq means more economic value of national wealth."

"This is unacceptable to all Iraqis and all friends of Iraq, including the United Kingdom, and we want to help Iraq introduce the necessary reforms and implement the projects now."

"To clarify to the Iraqi people, the partnership between Iraq and its key partners in the economy, in business, trade and investment leads to tangible positive results on the ground," Wilkes said.

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