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Visiting Washington... activating sectors under the Strategic Framework Agreement
Iraq 04/14/2024
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During the current visit by Prime Minister Muhammad Shia al-Sudani to Washington, the importance of activating the provisions of the Strategic Framework Agreement between Iraq and the United States is highlighted, which is an important part of the government program that focuses on reforming the economic sector, which represents one of the provisions of the agreement.
The Prime Minister’s Advisor for Investment Affairs, Muhammad al-Najjar, believes that “the Prime Minister’s visit to the United States is economic and investment par excellence, and its goal is to consolidate Iraqi-American relations with regard to economic, agricultural, and industrial issues through joint cooperation in the field of investment,” pointing out that “energy is the main attraction for the United States.” "United States, in addition to its interest in agricultural systems, the hydrogen industry, and others." Al-Najjar added, “The visit will open more than one investment file in the field of industry, smart agriculture, and technology fields as well.” He continued: “There were bureaucratic obstacles to companies entering Iraqi law, and there are some of them that can be solved through direct intervention, and the other part needs laws, and the government is now in the process of Studying a number of changes that eliminate obstacles to investment in Iraq, and these include a number of laws,” indicating that “there are more than 6 laws now whose obstructing parts are being studied, and will be presented to the House of Representatives.”
In turn, the Chairman of the Parliamentary Investment and Development Committee, Hassan Al-Khafaji, said: “A while ago, more than 50 reputable American companies came to Iraq, including (Boeing) for the aerospace industry, (General Electric) and other large companies that want to enter the industrial field, and discussions took place with the Chairman of the Parliamentary Investment and Development Committee, Hassan Al-Khafaji. Ministers, and it was positive and opened doors for investment for solid companies.” Al-Khafaji continued, “The committee’s meeting with the owners of the companies and the Presidency of the Council was present, and investment in Iraq was discussed,” noting that “the Prime Minister went to open new files, the most important of which is investment in energy files.” And minerals and many industrial files.
He added, "The companies were suffering from bureaucracy and visa problems. The committee raised these obstacles to the Prime Minister and the Minister of Interior, and they offered visa facilities. The Prime Minister expressed his willingness to follow up on the investment file with the executive authorities, and the procedures are good." Economic expert Alaa Al-Fahd said to the Iraqi News Agency (INA): “The Iraqi government seeks economic openness with all countries of the world, especially in the field of investment and energy, given that the United States of America is an essential partner with the Iraqi government, and there is a strategic agreement between the two parties, so the President seeks The ministers during this period generated a kind of confidence to work on the energy file, services, and other economic files.”
Al-Fahd stated that “these files will be present, given that the United States has solid companies in providing energy, investment, the transportation sector, housing, and even arming and equipping the Iraqi forces,” stressing that “the Prime Minister is clear in his government program that he wants openness to all countries of the world.”
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