High rates of trade exchange between Iraq and the United States by 23%

High rates of trade exchange between Iraq and the United States by 23%




05/26/2013



Baghdad (news) .. The Iraqi Commercial Attaché in the United States for the high rates of trade exchange between the two countries increased by 23%.

A statement from attaché got the Agency (news) a copy of it for commercial attache at the Iraqi in the United States Nofal Abu Barns said in a speech at the program held by the Chamber of Commerce US-Arab bilateral in Houston, Texas, the U.S. trade exchanges between Iraq and the United States U.S. during the first quarter of 2013 saw an increase of 23% compared with those for 2012 which amounted to more than $ 4.5 billion of goods and commodities only.

He said Abu Barns that the volume of trade exchanges between the two countries have seen a significant rise in recent years has increased from 13.8 billion in 2010 to more than 19 billion in 2011, then increased in 2012 to reach $ 21.3 billion, indicating that the balance of trade money for Iraq where large Iraqi exports represented the United States the greatest part of the total exchanges
However, to say despite the fact that goods and equipment and the requirements of government contracts and projects accounted for the bulk of Iraq's imports from the U.S. markets, there is a growing increase in the roles of the Iraqi private sector ones.

He pointed out that small and medium enterprises play an important role in the economies of metamorphic them or stable and this is what happened to many of the major countries that have experienced economic transformation, such as China, India or even smaller countries, including the neighboring countries of Iraq Kalamarat and Jordan, noting that the small and medium enterprises had a larger role to improve the economy after the financial crisis suffered by suffocating the U.S. economy in 2008.

According to Abu barns that Iraq as a country with an emerging democracy recognizes that citizens began to govern Afadil according to the performance and achievement of economic, which is reflected on the daily life of the services, health, education and job opportunities so the support of the private sector, especially small and medium enterprises, which can move more flexible than government institutions if there its growth opportunities.

He pointed to the many opportunities and projects currently in Basra in particular and Iraq in general called on U.S. companies to invest in as lung Iraq and the key to growth and prosperity. / End / n. G /

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