U.S.-Iraq Business and Investment Conference Convened in Washington, DC
The U.S.-Iraq Business and Investment Conference was held October 20-21, 2009, in Washington D.C.
Iraq was represented by Prime Minister Nouri al-Maliki, the Chairman of the National Investment Commission, the Ministers of Oil, Trade, Finance, and Agriculture, Governors of Iraq's provinces, and a contingent of prominent business leaders.
Approximately 1,100 U.S. and international businesspeople, potential investors and government agency representatives attended the sold-out conference.
"Why invest in Iraq? There has never been a better time to invest in Iraq. Iraq has emerged from the conflicts of the past with tremendous potential for investment from local, regional and global companies." - Dr. Sami Al-Araji, Chairman of the Iraqi National Investment Commission
Read the Conference Summary in the November 2009 ITA Newsletter
Updated Investment Overview and Investor Guide Released by National Investment Commission of Iraq
In advance of the USIBIC, the National Investment Commission (NIC) of Iraq has provided a new Investor Guide and Investment Overview.
Breakfast Briefing on Iraq Hosted by Detroit World Trade Center
On June 26, 2009, a breakfast briefing on Iraq was hosted by the Detroit U.S. Export Assistance Center and the World Trade Center Detroit/Windsor Association, and sponsored by University of Michigan-Dearborn School of Management and Doworth Companies LLC.
The event attracted over 100 local and multinational corporations, local government officials, a representative from Congressman Levin’s office, along with local and Iraqi press.
Speakers included Ms. Susan Hamrock Mann, Director, Department of Commerce / Iraq Investment and Reconstruction Task Force; Mr. Sam Danou, President, World Trade Center Detroit/Windsor; Sara Canty, Director, U.S. Commercial Service; Mr. Naufel Alhassan, Commercial Counselor, Iraq Embassy; and Michael Rogensues, General Counsel for Weldmation, Inc. (a firm pursuing business in Iraq.)
The formal session was followed by a lunch and one-on-one meetings with the speakers. Based on the success of this event, additional trade and investment conferences are under consideration for more U.S. locations.
U.S. Health Attaché to Iraq Featured at Roundtable Discussion
On June 1, 2009, the U.S. Chamber’s Middle East & Africa Affairs Department and the U.S. Department of Commerce’s Iraq Investment and Reconstruction Task Force hosted U.S. healthcare and medical sector CEOs and sales directors at the roundtable with outgoing U.S. Health Attaché to Iraq, Terry Cline, Ph.D.
LTG (Ret.) Dan Christman, Chair of the U.S.-Iraq Business Dialogue (USIBD), provided introductory remarks at the Washington, D.C., event, with additional opening comments from U.S. Department of Commerce Trade Specialist Ariana Monti.
With over 20 U.S. companies in attendance, Dr. Cline guided the group through a broad discussion of the medical sector and procurement opportunities in Iraq. Mr. Naufel Alhassan, Commercial Counselor from the Iraq Embassy provided closing remarks to the group.
Multhanna Province Announces Investment Opportunities
To support their efforts to promote investment opportunities in Iraq, the Government of Iraq (GOI) and the Iraqi private sector created the national and provincial investment commissions.
Muthanna Investment Commission (MIC) is seeking companies interested in investing in southern Iraq. Located between Diwaniyah and Dhi Qar provinces, Muthanna's location provides good access to the Middle Euphrates River area and major Basra ports.
The province is looking for investments in the following industries:
The Muthanna Investment Commission (MIC) welcomes you to visit their website http://www.miciraq.org to learn more about the province and investment opportunities available. Also, feel free to contact them at email@example.com to discuss your investment partnership ideas.
2009 Iraq Country Commercial Guide Now Available
Every year, the U.S. Commercial Service office in Baghdad puts together an overview of the economic, legal, political, and financial systems in Iraq, with a view toward providing useful information for U.S. businesses interested in investment in or trade with this country. This report is now available in its most recent issue online, free of charge for your convenience. View report
U.S. – Iraq Business Dialogue Closes Recruitment for New Membership
As of January 21, 2009, the U.S. Department of Commerce, International Trade Administration, closed the application period for applications to fill four vacant positions on the U.S. - Iraq Business Dialogue, a bilateral forum to facilitate private sector business growth in Iraq and to strengthen trade and investment ties between the United States and Iraq.
The Federal Register Notice includes eligibility and requirement information: http://edocket.access.gpo.gov/2009/E9-59.htm.