Iraqi-US Business Council opened in Baghdad

BAGHDAD / IraqiNews.com: The chairman of the Iraqi National Investment Commission announced today the official opening of the Iraqi-U.S. Business Council in Baghdad, which shall be an extension of the American Chamber of Commerce in Iraq. The council will deal with the Iraqi private sector to encourage economic development, particularly in small and medium industries. In a statement issued by the Commission, INIC Chairman Dr. Sami al-A’raji met with U.S. Deputy Secretary of State Thomas Nides and his accompanying delegation to complete the meeting held in Washington. The  Council will deal with INIC to attract investors to enter different Iraqi economic fields. A’raji called for the support of U.S. financial institutions through granting facilities to the investors, particularly in the fields of housing, electricity and infrastructures. “The United States is a best friend and partner for Iraq,” Nides stated, calling on U.S. companies to grasp the chances in Iraq  and cooperate with both governmental and private sectors. The head of the Iraqi-U.S. Business Council Bruce Larsen welcomed all contributions to the council. The meeting was attended by U.S. Ambassador James Jeffrey, members of the embassy, and Iraqi-U.S. council members. RM (TI)/SR 963