Al-Sudani: Economic reforms have raised the level of foreign investments in Iraq
Al-Sudani: Economic reforms have raised the level of foreign investments in Iraq
2025-01-27
Prime Minister Mohammed Shia Al-Sudani confirmed Sunday (January 26, 2025), that the government has made significant progress in various aspects of economic reform and digital commercial and banking transformation, indicating that economic reforms have been able to raise the level of foreign investment in Iraq.
Al-Sudani’s media office said in a statement that the latter “received the Chairman of the US-Iraq Business Council, Vice President of the US Chamber of Commerce Steve Lutes, and the meeting witnessed a review of trade and cooperation relations between Iraq and the United States, and efforts to prepare for the US Companies Representatives Forum, which will be held in Iraq during this year, as well as following up on the implementation of 18 agreements and memoranda of understanding, which were signed during his visit to the United States last year.”
According to the statement, Al-Sudani praised “Lotus’ efforts in sponsoring and holding forums and meetings, especially with the Iraqi private sector,” stressing that “the government has made significant progress in various aspects of economic reform and digital commercial and banking transformation,” pointing to “continuing efforts to legislate the intellectual property law and introduce this concept into school curricula; in order to keep pace with global commercial development.”
He pointed out that “economic reforms have been able to raise the level of foreign investments in Iraq, and that American companies are invited to participate in the development renaissance that Iraq is witnessing, and the attractive and business-friendly investment environment.”
For his part, Lotus praised the “Iraqi government’s efforts in the field of reform,” stressing “the desire of many American companies to enter the Iraqi market, establish promising partnerships with the Iraqi private sector, and contribute to development and expand the scope of commercial and investment activities.”
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