Thursday, October 7, 2010
U.S. envoy recommends U.S. companies to invest in Iraq now
BAGHDAD: A senior U.S. official said on Wednesday that Iraq should be given to American companies to invest in Iraq now so as not to lose opportunities Stgtinmha other international companies.
Francisco Sanchez urged the Deputy Minister of Trade, who was visiting Iraq at the head of a trade mission to explore ways of investing in a country hungry for investments of the heads of American companies to accelerate investment, acknowledging that the concerns relating to security conditions are still high.
"Sanchez told reporters in Baghdad," Now is the time. I think that the American companies that want to take advantage of opportunities if you wait years .. If you wait until every thing is fine and stable, the system .. they then would lose opportunities Stguetnsa companies from other regions in the world. "
He added "the chances of creating joint ventures and investments will not wait years and a half or two years to see a continuous decline in attacks or acts of violence. Who wants to play a role here has to make now."
Iraq needs investment in almost all sectors as it seeks to rebuild after decades of wars and sanctions. Associated with regional partners such as Syria and Turkey have strong trade ties with Iraq, while countries such as China seeks to establish a foothold provided.
But still many global companies cautious about the security situation in the country where bombings and attacks continue on a daily basis.
And also increased the failure to form an Iraqi government after seven months of inconclusive election fears of armed elements seeking to exploit the power vacuum.
The 14 companies participating in the mission, the first of its kind since the U.S. formally declared the end of combat operations in Iraq in August and said that the companies, including the regulatory environment in the country, and topics such as corruption pose significant obstacles.
http://www.alrafidayn.com/2009-05-26-22-07-53/24104-2010-10-06-20-02-27.html
U.S. envoy recommends U.S. companies to invest in Iraq now
BAGHDAD: A senior U.S. official said on Wednesday that Iraq should be given to American companies to invest in Iraq now so as not to lose opportunities Stgtinmha other international companies.
Francisco Sanchez urged the Deputy Minister of Trade, who was visiting Iraq at the head of a trade mission to explore ways of investing in a country hungry for investments of the heads of American companies to accelerate investment, acknowledging that the concerns relating to security conditions are still high.
"Sanchez told reporters in Baghdad," Now is the time. I think that the American companies that want to take advantage of opportunities if you wait years .. If you wait until every thing is fine and stable, the system .. they then would lose opportunities Stguetnsa companies from other regions in the world. "
He added "the chances of creating joint ventures and investments will not wait years and a half or two years to see a continuous decline in attacks or acts of violence. Who wants to play a role here has to make now."
Iraq needs investment in almost all sectors as it seeks to rebuild after decades of wars and sanctions. Associated with regional partners such as Syria and Turkey have strong trade ties with Iraq, while countries such as China seeks to establish a foothold provided.
But still many global companies cautious about the security situation in the country where bombings and attacks continue on a daily basis.
And also increased the failure to form an Iraqi government after seven months of inconclusive election fears of armed elements seeking to exploit the power vacuum.
The 14 companies participating in the mission, the first of its kind since the U.S. formally declared the end of combat operations in Iraq in August and said that the companies, including the regulatory environment in the country, and topics such as corruption pose significant obstacles.
http://www.alrafidayn.com/2009-05-26-22-07-53/24104-2010-10-06-20-02-27.html
