The United States is preparing to activate the framework of the trade and investment agreement with Iraq
The United States promised to activate the framework of the trade and investment agreement with Iraq, stressing its support for strengthening ties between the two countries to build a multi-dimensional relationship through trade, education, cultural exchange, cultural protection, law enforcement, environmental protection, energy and others.
“The United States and the Republic of Iraq are committed to developing and strengthening our permanent partnership based on common interests that will continue to expand in the years to come,” said a joint statement by the US-Iraq High Coordination Committee.
“While we maintain our strong security partnership to ensure the permanent defeat of terrorist gangs, we are working to re-energize our political and economic ties to support the Iraqi economy in meeting the challenges of the 21st century and meet Iraq’s reconstruction needs. We will continue to strengthen our ties to build a multi- Through trade, education, cultural exchange, cultural protection, law enforcement, environmental protection, energy and other vital areas. ”
“In 2008, Dulata signed the Strategic Framework Agreement (SFA) to reaffirm the desire of the two sides to establish lasting ties of cooperation and friendship, and today the SFA is the basis on which we build a strong and mutually beneficial relationship. And reaffirm our commitment to this important partnership and the principles of cooperation, sovereignty and mutual respect expressed by the SFA. ”
“Deputy Foreign Minister Nizar Khairallah and US Deputy Secretary of State John Sullivan held the fifth meeting of the SFA High Coordination Committee on January 28 in Baghdad and reaffirmed the significant progress we have made under the SFA so far, The basis for future cooperation, particularly in the areas of political and diplomatic cooperation and trade and financial cooperation “.
“The United States is committed to supporting the Republic of Iraq as it is deepening and developing its political and economic relations with regional allies, including the Gulf Cooperation Council (GCC) countries. The United States reaffirms its desire to deepen cooperation in mutually beneficial areas in international forums, Our two governments to establish a subcommittee focusing on simplifying the procedure for visa entry and residence in Iraq. ”
“The United States and Iraq will work to revitalize the framework of the trade and investment agreement to create meaningful improvements in the investment climate in Iraq, attract the investment that is needed, and severely rebuild reconstruction projects across Iraq,” he said.
“The United States is also committed to supporting Iraq’s ongoing participation in the IMF program to ensure financial stability and to promote economic reform. Iraq asserts that it is acceding to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958) Iraq and its desire to provide a formal mechanism for the settlement of commercial disputes. ”
“Our governments agree to set up a working group to address long-standing trade disputes in order to strengthen bilateral economic relations and to point out to US companies that Iraq is open to business,” he concluded.