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 Kurdistan Region welcomes US business delegations

 Source : KRG
  Kurd Net does not take credit for and is not responsible for the content of news information on this page

 


Kurdistan Region welcomes US business delegations  24.6.2008

 


June 24, 2008

Erbil-Hewler, Kurdistan region "Iraq", — The Kurdistan Regional Government welcomed two large American business delegations for three days of meetings with local government and business leaders. The delegations from the US Department of Commerce, led by Deputy Secretary John J. Sullivan,
www.ekurd.net and the US Chamber of Commerce include 28 representatives from US companies – the largest American business delegation ever to visit the Kurdistan Region.

The delegations were warmly welcomed in Erbil by Kurdistan Regional Government (KRG) officials: Mr Herish Muharram, Chairman of the Investment Board of Kurdistan; and Mr Falah Mustafa Bakir, Head of the Department of Foreign Relations; and Mr Karim Sinjari, Minister of State for the Interior.      

American business delegations in Iraqi Kurdistan.

To assess the Kurdistan Region's current environment and its needs, the delegations met Deputy Prime Minister Omer Fattah and several ministers, including the ministers for agriculture, electricity and planning.

Ms Nawroz Mawloud Mohamad Amin, the Kurdistan Investment Board's Director-General, said, "The Kurdistan Region is ripe for investment in many sectors, and we are here to help make the process easier for foreigners as well as locals.” She added, "The delegation will also be able to explore business opportunities with local companies, such as members of the Erbil, Sulaimaniyah and Duhok Chambers of Commerce."

Prime Minister's Nechirvan Barzani's government has taken steps to make investing in the region easier for foreign businesses. In July 2006 the Kurdistan National Assembly (parliament) passed the Kurdistan Region Investment Law, one of the most liberal investment laws in the Middle East.

Minister Falah Mustafa Bakir, the KRG's Head of Foreign Relations, said, "The KRG has created a safe and secure environment for foreign investors to enter the Iraqi market. The presence of the US delegations make clear that the Kurdistan Region of Iraq is open for business. We welcome and encourage US investment in our region and are eager to explore how we can deepen and expand our economic ties with the United States."

The two groups will meet local and international business
representatives and tour sites in or near Erbil,
www.ekurd.net the capital city. The KRG has previously hosted business delegations from Italy, Austria,Sweden Japan, the UK, Poland and other countries.

Copyright, respective author or news agency, krg org  

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