A high-level US economic delegation visits Iraq, affirming partnership and economic development.
A high-level US economic delegation visits Iraq, affirming partnership and economic development.
2025-04-10
The Vice President of the U.S. Chamber of Commerce, Steve Lutes, confirmed on Wednesday that the U.S. Treasury will play an active role in developing the Iraqi economy, noting that Iraq is witnessing increasing openness to economic partnerships with the United States. Lutes stated during a press conference that “our visit to Iraq represents the largest delegation of American businessmen to visit the country, and includes diverse sectors of the American economy,” stressing that “Iraqi Prime Minister Mohammed Shia al-Sudani is working to strengthen partnerships between Iraqi companies and their American counterparts to develop the industrial and economic sectors.”
He also explained that “the US Treasury Department and the US Chamber of Commerce represent key players in supporting joint economic cooperation between the two countries, with the aim of achieving sustainable development and expanding the horizons of joint action.”
In contrast, Ibrahim al-Baghdadi, head of the Iraqi Economic Council, emphasized during the conference that “the country has witnessed a significant decline in the level of education in recent years since liberation, but the presence of the American University in Iraq represents an important step toward saving education and represents a real lifeline.”
Al-Baghdadi added, “We cannot forget the role of the United States in liberating Iraq from dictatorship. It is a pioneering country in many fields and continues to contribute to supporting Iraq.”
He pointed out that “the visit of the American delegation, consisting of more than 100 figures representing more than 60 companies, is clear evidence of the development of economic relations between Baghdad and Washington,” noting that “the Private Sector Development Council was launched two days ago, headed by Prime Minister Mohammed Shia al-Sudani, and including the First Deputy Prime Minister, the Minister of Planning, and the Second Deputy Prime Minister.”
He concluded by saying, “Iraq is dozens of times better off today than it was in recent years, and we welcome any company willing to invest and work within Iraq to develop its industrial and economic sectors.”
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