Iraq’s PM Calls on U.S. Companies to Boost Economic Revival in a ‘Business-Friendly’ Environment – Read More on Shafaq News!

Iraqi Prime Minister Mohammed Shia Al-Sudani recently invited US companies to invest in Iraq, noting the country’s promising business climate.

During a meeting with Steve Lutes, President of the US-Iraqi Business Council, they talked about enhancing trade relationships. They also planned a forum for later this year, aiming to connect US businesses with opportunities in Iraq.

In their discussion, they reviewed 18 agreements made during Al-Sudani’s visit to the US last year, emphasizing the progress on these collaborations.

Al-Sudani praised Lutes for his efforts to build strong links with Iraq’s private sector. He shared updates on the country’s economic reforms and efforts in digital transformation, particularly in banking and trade. He also mentioned plans for new laws on intellectual property and integrating global trade standards in schools.

“Our reforms have attracted more foreign investment,” Al-Sudani explained, stressing that Iraq is ready for US companies to join in its growth. He described the investment environment as welcoming and supportive.

Lutes acknowledged the positive changes in Iraq, highlighting the interest of many US businesses in entering the market and collaborating with local firms to drive economic development.