According to the main trade promotion body of Taiwan, the country has set its eyes upon the market of Iraq and is looking forward to increase the amount of export in the country.
After December 2011, when the USA withdrew its last troop from the second largest country of the Middle East, Iraqi government is keen to open its market to the foreign countries and this has been revealed by a statement made by Taiwan External Trade Development Council or TAITRA on Tuesday.
The council has also added that there are loads of opportunities in the reconstruction business and investment opportunities and a huge demand for power supply equipment, machinery and infrastructure.
This country with its over 31 million population is surprisingly open to the internet in comparison to the other Arabic countries. TAITRA has said that as the country has to suffer from inconsistent power supply due to war and such problems, there is a huge requirement for notebooks computers and Smartphones.
The country has a huge dearth of public transport system and that is allowing TAITRA to see huge potential in the local car market and auto parts industry.
TAITRA has added further that in order to make the Taiwanese businessmen more interested in tapping the Iraqi market, they are thinking about attending the fairs and exhibitions being held in Dubai, Turkey, Jordan or Baghdad in the coming few months. This way, they will be able to make contact with the local agents.
As soon as those connections are build, businesses can use and get benefitted from them.