Talabani demands more U.S. investment in Iraq

[ROD2013]

Talabani demands more U.S. investment in Iraq

20/09/2011 09:58

Erbil, Sep. 20 (AKnews) - Iraqi President Jalal Talabani wants the United States to urge American companies to invest in Iraq.

In a meeting with U.S. Ambassador James Jeffrey and the Commanding General of the U.S. Forces, Lloyd Austin, yesterday, President Talabani stressed the bilateral economic relations to serve the common interests of the people of Iraq and the United States.

The office of President Talabani issued a written statement about the meeting.

The United States have been supporting American companies for a long time to come and do business in Iraq. In May, U.S. Secretary of State Hillarious Clinton urged companies to invest in Iraq.

Iraq could be an interesting market for U.S. companies, Clinton said, pointing out that Iraq has one of the largest customer bases in the Arab world and is projected to grow faster than China in the next two years, according to the International Monetary Fund (IMF).

“But we see too few American companies alongside our soldiers and our diplomats”, Clinton criticized. U.S. companies are reluctant to invest in Iraq which is “looking to rebuild every sector of [its] economy, not only [its] oil sector but agribusiness, transportation, housing, banking, and many others.”

Iraq is dependent of foreign companies in order to rebuild its infrastructure, especially in the fields of transportation, electricity and agriculture.

Edited by Abdullah Sabri

RN/CU/AKnews

http://bit.ly/o0vzSj

[speculatorsRIDE]

Talabani and Clinton need to get a clue. You can NOT allow the currency of Iraq to be called a scam and then expect American business to invest. Combat the scam claims and revalue the currency and American business will be standing in line to invest.

[BruceV]

Or just RV it!

NOW

Edited September 22, 2011 by BruceV