Anjali Sharma
GG News Bureau
WASHINGTON DC, 3rd May. Prime Minister of Iraq Mohammed Shia al-Sudani on Thursday has said that his government is committed to boost the industry, agriculture, trade, and tourism sectors, to reduce the country’s reliance on oil and transition to a diversified economy.
Mohammed Shia al-Sudani made the remarks during the inauguration ceremony of the first phase of a continuous casting plant in the Taji area, 20 km north of Baghdad, according to a statement by his media office released.
“We have no choice but to support industry, agriculture, trade, and tourism to achieve the transition from a country dependent on oil revenues to a diversified economy,” the statement quoted al-Sudani as saying.
“We have targeted industry as a major goal in economic reform … as Iraq is an industrial country as much as it is an oil and agricultural country,” the Prime Minister added as quoted in media reports.
The invasion of Iraq led by the US in 2003 resulted in the shutdown of numerous Iraqi factories due to security concerns.
Iraqi government has begun to re-establish some of these factories in a bid to reduce the country’s reliance on revenue from crude oil exports, which account for more than 90 per cent of Iraq’s income.
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