ERBIL — Kurdistan Region Prime Minister Masrour Barzani on Thursday chaired the meeting of Supreme Economic Council to discuss recent challenges and the opportunities ahead.
During the meeting, PM Barzani reaffirmed his administration’s commitment to its ambitious plans for a developed economy and strong infrastructure despite the setbacks caused by the global financial crisis and coronavirus pandemic, according a press release.
“The Prime Minister acknowledged the Kurdistan Region’s economic potential and the opportunities that exist for it to become a hub for trade and commerce for Iraq and the broader region, and as a choice destination for foreign investors,” reads the press release.
The council approved a set of recommendations to improve imported fuel quality and minimize environmental and health risks to the public, putting the Ministry of Interior in charge of inspections and threatening legal action against violators of quality protection rules.
The official KRG website said the Council also recognized the need to foster innovation and entrepreneurship in the Kurdistan Region, and discussed areas of cooperation with the Council of Ministers’ Legal Committee to review the upcoming intellectual property legislation.