I am grateful to my hon. Friend, who was a Minister in the Foreign and Commonwealth Office, for making that point. The Minister of State, Foreign and Commonwealth Office, my hon. Friend the Member for Harlow (Bill Rammell) tells me that the Foreign Office is looking to improve access to visas and the arrangements that apply, especially to those travelling from specific parts of northern Iraq. Perhaps he can develop that point in his response to the debate.
I pay special tribute to Michael Wareing and his work with the Basra Development Commission, which has successfully raised Basra's profile through a series of investment conferences—most recently last month in Istanbul—and drawn up an economic development strategy. That will become the work of, and come under the ownership of, the Iraqis later this year. It also addresses specific problems, such as youth unemployment, and recently announced a pilot scheme to provide 500 young Basrawis with employment training through placements with local businesses.
The much-improved security situation means that international companies are now seriously considering investing in Iraq. That is a good thing. The UK has facilitated more than 15 investor visits to show international companies the opportunities available in Iraq. That has led to $9 billion worth of proposals being submitted to the Government of Iraq. The next step is for Iraqi institutions take forward that work. We have helped create the Basra Investment Commission, the launch of which the International Development Secretary attended in Basra on 6 November. Once fully operational, the BIC will lead on promoting investment opportunities in the city, turning proposals—I hope—into jobs and wealth. The opportunities are substantial.
In addition to the development potential of Basra's international airport, Umm Qasr is Iraq's only deep water port. It is busier than ever, but antiquated equipment and methods mean that it does not yet achieve anything like its full potential. The UK and our coalition partners are working with the Iraqi authorities to develop the port, and it is one of the key areas in which international companies rightly look to invest.
Iraq has the third largest reserves of oil in the world, and the potential to be an extremely wealthy country. However, decades of under-investment under Saddam and the effects of corruption and sabotage have left Iraq's energy infrastructure in a deplorable state. The Iraqi Government are now addressing that issue, looking to place major contracts with multinational companies to help repair and modernise equipment and to develop oilfields more efficiently, while ensuring that the Iraqi people retain ownership of their resources.
There are huge investment opportunities for UK businesses, and the Government of Iraq, from Prime Minister al-Maliki downwards, have repeatedly emphasised their strong desire for increased UK investment in Iraq. I greatly hope that UK companies will be quick to join the rush of those seeking to take advantage of these opportunities.
I have tried to describe the challenges that UK personnel have faced and overcome in southern Iraq. I cannot overstate the contribution of the UK's armed forces, but the achievements in southern Iraq have not been the result of UK military efforts alone—the mission has been joint in every sense. UK forces have co-operated with the Iraqi security forces and our coalition partners. In a prime example of the comprehensive approach that we have tried to follow, the UK effort has been developed and supported across Departments.
Iraq's future is now in Iraqi hands, and the continued development of a stable, prosperous and democratic Iraq remains vital to the UK's strategic and national interests. Such an Iraq will promote stability and prosperity in the middle east and be a key ally in the fight against terrorism, and can make a major contribution to improved global energy security.
Our mission in Iraq has freed Iraqis from the oppression of Saddam's brutal rule. It has empowered them to build their own democratic institutions and paved the way for a different and more positive future—for themselves and the region. I am proud to say that we are at the point of completing the UK mission. When we have done so, our forces can return home with their heads held high. However, their homecoming—warmly anticipated by their families and loved ones—will not be the end of our involvement in Iraq. We look forward to a long and fruitful bilateral relationship, covering the full range of co-operation and engagement, from security to economic, political to cultural: a relationship based on friendship and respect between Iraq and the UK, forged in exceptionally difficult times and now set to develop as a lasting legacy of the service and sacrifice of so many of the brave men and women of our armed forces, who have made all that possible.
Iraq: Future Strategic Relationship
Proceeding contribution from
Lord Hutton of Furness
(Labour)
in the House of Commons on Wednesday, 14 January 2009.
It occurred during Debate on Iraq: Future Strategic Relationship.
Type
Proceeding contribution
Reference
486 c242-4 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2024-04-16 21:59:01 +0100
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_518309
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_518309
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_518309