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US Business Forum To Promote Commercial Opportunities In Iraq
Thursday June 02, 2011 08:37:00 EDT
(RTTNews) - The U.S. State Department will host on Friday a business forum with senior executives from major U.S. corporations to discuss opportunities in "the new Iraq."
Secretary of State Hillary Clinton, who is to head the U.S. side, will deliver opening remarks at the forum.
Deputy Secretary of State Tom Nides will moderate discussions between senior officials from the Departments of State, Treasury and Energy and the corporate executives. Senior Iraqi government officials will deliver remarks as well.
The forum is convened at a time Iraq is eager to develop its economic potential after years of internal conflicts and economic isolation.
As the United States transitions this year from a military-led to civilian-led partnership with Iraq, the State Department is leading a broad inter-agency effort to support U.S. companies looking to do business there.
While businesses entering the Iraqi market continue to face hurdles, including a greatly improved but still difficult security environment, some positive developments, such as rising oil revenues, expected double-digit domestic economic growth, significant investments in infrastructure, and a stable democratic government point to the conclusion that Iraq represents a unique business opportunity with benefits for the United States and Iraq.
The State Department wants to ensure that commercial opportunities in Iraq are not lost at this critical juncture. Some U.S. companies have seized opportunities in that war-torn country, but many more opportunities exist for additional U.S. involvement.
In many cases, U.S. firms are well placed to bring their expertise to bear in the Iraqi market. Given America's reputation for innovation and quality, Iraqi entrepreneurs are also anxious to partner with U.S. counterparts, the State Department said in a statement.
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Thursday June 02, 2011 08:37:00 EDT
(RTTNews) - The U.S. State Department will host on Friday a business forum with senior executives from major U.S. corporations to discuss opportunities in "the new Iraq."
Secretary of State Hillary Clinton, who is to head the U.S. side, will deliver opening remarks at the forum.
Deputy Secretary of State Tom Nides will moderate discussions between senior officials from the Departments of State, Treasury and Energy and the corporate executives. Senior Iraqi government officials will deliver remarks as well.
The forum is convened at a time Iraq is eager to develop its economic potential after years of internal conflicts and economic isolation.
As the United States transitions this year from a military-led to civilian-led partnership with Iraq, the State Department is leading a broad inter-agency effort to support U.S. companies looking to do business there.
While businesses entering the Iraqi market continue to face hurdles, including a greatly improved but still difficult security environment, some positive developments, such as rising oil revenues, expected double-digit domestic economic growth, significant investments in infrastructure, and a stable democratic government point to the conclusion that Iraq represents a unique business opportunity with benefits for the United States and Iraq.
The State Department wants to ensure that commercial opportunities in Iraq are not lost at this critical juncture. Some U.S. companies have seized opportunities in that war-torn country, but many more opportunities exist for additional U.S. involvement.
In many cases, U.S. firms are well placed to bring their expertise to bear in the Iraqi market. Given America's reputation for innovation and quality, Iraqi entrepreneurs are also anxious to partner with U.S. counterparts, the State Department said in a statement.
For comments and feedback: contact [You must be registered and logged in to see this link.]
