Iraq research and trade cooperation just took a major step forward. The Trade and Economic Research Centre (TREC) signed a new agreement. This deal is with the Federation of Iraqi Chambers of Commerce.
In addition, the aim is to connect research and real market needs in Iraq. TREC wants to turn theory into results. The agreement supports Iraq’s shift toward a knowledge-based economy.
Moreover, Iraq research and trade cooperation will help link data with decision-making. Traders and institutions often lack access to practical, science-backed insights. This agreement will change that.
Additionally, the Federation will give TREC real-time field data. This includes market stats, business trends, and commercial activities. TREC will use this data for economic studies. In return, they will provide smart solutions to real problems.
Moreover, this partnership brings academic experts closer to business leaders. Both sides agreed to hold joint events. They plan to exchange knowledge, improve market tools, and share economic advice.
Officials from both groups praised the agreement. They said it will help create strong ties between research and the private sector.
In addition, through Iraq research and trade cooperation, policymakers will now receive better guidance. Future laws and reforms could come from real market facts, not guesswork.
TREC said it will use the data to create economic indicators. These will be tailored for Iraqi traders and business groups. The indicators will also support planning for future investments.
Meanwhile, the Federation hopes the partnership will drive business growth. It believes access to research can raise competitiveness.
In addition, the agreement promotes transparency and better economic forecasting. Iraqi companies will benefit from data they can trust.
As Iraq’s economy grows, such partnerships are vital. They help link ideas to outcomes. They also ensure economic strategies are based on science, not politics.
To conclude, Iraq research and trade cooperation shows real promise. It gives Iraq the tools to turn research into action.