1. “Manufacturing solutions for Kalar traders to survive against Zakho traders”
2. “Strategies for revenue growth for Kalar traders amidst Iraq’s economy decoupling from sanctioned countries”.
Since the USA is planning to de-couple Iraq’s economy from sanctioned countries, Kalar traders are likely to experience a decline in revenue. This is a pressing issue that is currently unfolding, and traders must find a solution to survive against their counterparts in Zakho. One potential solution for Kalar traders is to explore manufacturing the items they typically trade. By doing so, they can adapt to the changing economic landscape and maintain their competitiveness in the market.
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The USA’s decision to de-couple Iraq’s economy from sanctioned countries is a significant development that will have far-reaching implications. This move aims to reduce Iraq’s reliance on countries facing economic sanctions and promote self-sufficiency. While this decision may benefit Iraq in the long run, it poses immediate challenges for Kalar traders who heavily rely on trade with these sanctioned countries.
Kalar, a city located in the Kurdistan region of Iraq, has long been known for its vibrant trading community. Traders in Kalar have established strong business ties with neighboring countries facing economic sanctions, allowing them to import and export goods that are in high demand. However, with the de-coupling of Iraq’s economy from these countries, Kalar traders will face a significant drop in revenue as their access to these markets becomes restricted.
To survive in this changing economic landscape, Kalar traders must consider alternative strategies. One viable option is for them to start manufacturing the items they previously traded. By shifting their focus to manufacturing, traders can reduce their reliance on imports and tap into the local market demand. This approach will not only help them maintain their revenue streams but also create new opportunities for growth.
Manufacturing products locally has several advantages. Firstly, it allows traders to bypass the restrictions imposed on imports from sanctioned countries. Instead of relying on goods from these countries, Kalar traders can produce similar items domestically, ensuring a steady supply for the local market. This will help them meet the demand and prevent losing customers to their counterparts in Zakho, who may still have access to imported goods.
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Secondly, manufacturing locally can lead to job creation and economic development in Kalar. By investing in production facilities and employing local workers, traders can contribute to the growth of the city’s economy. This, in turn, will have a positive impact on the overall livelihoods of the community.
To successfully transition to manufacturing, Kalar traders need to identify the most viable products to produce. This can be achieved through market research and analysis of local demand. By focusing on products that have a high demand and limited local supply, traders can position themselves as key players in the market.
Moreover, traders must also invest in the necessary infrastructure and technology to support manufacturing operations. This may involve setting up production facilities, acquiring machinery, and training the workforce. While this initial investment may require significant capital, it is a long-term strategy that will help traders remain competitive and adapt to the changing economic conditions.
In conclusion, the USA’s decision to de-couple Iraq’s economy from sanctioned countries poses a challenge for Kalar traders. To survive against their counterparts in Zakho, traders must consider shifting their focus to manufacturing the items they previously traded. By doing so, they can navigate the changing economic landscape, maintain their revenue streams, and contribute to the growth of Kalar’s economy..
Source : @alifarhad00
Since USA is planning to de-couple Iraqs economy from sanctioned countries
Kalar traders revenue expected to decline
This’s happening while we speak
The solution for the traders is going to manufacture the items they trade. Otherwise they can’t survive against zakho traders pic.twitter.com/NWW8yKodu0
— Dr. Ali Farhad (@alifarhad00) December 11, 2023
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1. “Iraqi traders manufacturing solution to overcome revenue decline from de-coupling sanctions”
2. “Survival strategy for Kalar traders: Manufacturing to compete with Zakho traders amid economic de-coupling”.
