Iraqi government: Washington’s tariffs have no significant impact on the Iraqi economy.
Iraqi government: Washington’s tariffs have no significant impact on the Iraqi economy.
2025-04-10
Government spokesman Bassem Al-Awadi said on Wednesday, April 9, 2025, that “Washington’s customs tariffs have no significant impact on the Iraqi economy.”
Al-Awadi stated in a statement to the official agency that “the American delegation came carrying a message of support for Iraq and a real investment in relations,” noting that “mega-projects for power generation and electrical transmission will be launched in partnership with American companies.”
He pointed out that “the Iraqi private sector must be a true partner in economic relations with Washington.”
He explained that “the US delegation’s visit reflects a mutual belief in developing relations on solid foundations,” considering that “investments in digitalization and artificial intelligence are among the priorities for cooperation with Washington.”
Al-Awadi continued, “The government’s reforms have attracted the interest of major American companies,” adding, “Sovereignty issues are being formulated in Iraq, and our goal is self-sufficiency in energy, agriculture, and industry.”
Earlier on Wednesday, Prime Minister Mohammed Shia al-Sudani received a large economic delegation from the American Chamber of Commerce, along with a number of American business leaders and investors. In his speech, he said, “Iraq has an investment law that provides many advantages to investors, and the government is working on a package of laws that encourage foreign investment.” He pointed out that “Iraq’s trade balance does not suffer from a deficit, but what is required is to correct the imbalance in the structure of the economy and reduce dependence on oil.”
He added, “There are those who paint a negative picture of the situation in Iraq, which is unfair and inaccurate.”
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