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Iraq seeks to become regional trade hub

As its economy continues to struggle, Iraqi officials are working to improve the country's transportation sector to make it an international trading hub.
A ship is docked at Al-Basra oil terminal, next to a Central Meeting and Manifold Platform belonging to Iraq's Southern Oil Company in the Middle East Gulf November 27, 2013.  The Southern Oil Company is preparing a new Central Metering and Manifold Platform to increase oil export capacity. It will be operational in the first quarter of next year, according to Associate Director Mahmoud Abdul Amir. Picture taken November 27, 2013.  REUTERS/Essam Al-Sudani (IRAQ - Tags: ENERGY) - RTX163G7
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BAGHDAD — Experts in both the public and the private sectors expected Iraq to be an international free-trade area amid the increasing global variables in economics, trade and manufacturing.

Administrative agent for the Transportation Ministry Salman Bahadli told Al-Monitor, “During the past 10 years, Iraq has failed to benefit from the opportunities and expected revenue coming from proper investment in the transportation sector, especially with the emergence of mega- and large-sized projects carried out by Arab and foreign countries, which used other ways to transfer their goods via Iraq.”

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