The American Chamber of Commerce told Shafaq News: We have huge opportunities in Iraq.
Shafaq News / Steve Lutes, Vice President of the U.S. Chamber of Commerce, who is currently visiting Iraq with the “largest economic delegation in history,” revealed on Wednesday that they are discussing the development of various sectors, including technology. While he announced that American companies in the energy and health sectors will visit Baghdad in the coming period, he emphasized the “huge” opportunities in the country.
Last Monday, a US delegation arrived in Iraq on the largest US trade mission, comprising representatives from 60 companies across various sectors.
“The American delegation was honored to meet with Iraqi Prime Minister Mohammed Shia al-Sudani and listened to his speech on relations between Iraq and the United States and ways to develop them,” Lutz told Shafaq News Agency.
The Vice President of the American Chamber of Commerce added, “The American economic delegation signed several important agreements with Iraq, some of which were attended by the Iraqi Prime Minister, and this was in coordination with the US Treasury Department.”
Lotts confirmed that “the US economic mission met with a number of ministers and will meet with others as well, and there is a discussion about developing the Iraqi technological and economic sector.”
The Vice President of the American Chamber of Commerce revealed that “the current delegation is the largest in history, and that American companies in the energy and healthcare sectors will be visiting Iraq in the coming period.”
Lutz noted that “this visit will be a new spark for developing relations between American economic and business companies and Iraq, especially given the many investment opportunities we seek to capitalize on in light of the long-term partnership with our Iraqi partners.”
The Vice President of the American Chamber of Commerce emphasized that “American companies have tremendous opportunities to develop various Iraqi sectors in the oil and gas sectors, and that the US Treasury Department believes that American companies are the strongest and most advanced, and therefore they can compete with and outperform other companies.”
Earlier today, during a press conference attended by a Shafaq News Agency correspondent, Lutz affirmed that the Treasury Department will play a role in developing the Iraqi economy. Meanwhile, the head of the Iraqi Economic Council, Ibrahim al-Baghdadi, stated that the country is faring better economically today than in previous years.
Al-Baghdadi stated, “Unfortunately, the recent years since the liberation have witnessed a significant decline in education in Iraq. However, I hope that it will develop again with the presence of the American University, which will save education and represent a lifeline for Iraq.”
He stressed that “we cannot forget the role of the United States in liberating Iraq from dictatorship. The United States is the world’s leading nation in various fields and is the one who has the credit for Iraq’s liberation.”
Al-Baghdadi pointed out that “the visit of the American delegation, consisting of more than 100 figures and more than 60 American companies, is evidence of the progress made in relations to develop the Iraqi economy,” adding that “two days ago, we launched the Private Sector Development Council, headed by Prime Minister Mohammed Shia al-Sudani, the First Vice President, the Minister of Planning, and the Second Vice President.”
Al-Baghdadi stated, “Iraq today is dozens of times better off than it was in the past, and we welcome any company that wants to work in Iraq to develop its industry and economy.”
Shafaq.com