13-02-2011
Iraq – U.S. Economy and Energy Joint CMTE. meet
A joint Iraq- U.S coordination Committee for Economy and Energy meeting was held on Sunday 13th Feb. 2011 in the office of the deputy Prime Minister Dr, Rozh Nori Shawis.
Dr, Rozh Nori Shawis, deputy prime Minister and Minister of Trade a.i. headed the Iraq side and the Deputy Treasury Secretary Neal S. Wolin headed the U.S. side.
The heads and representatives of the working groups: public financial management, trade and investment, oil and energy, electricity, industry and private sector development.
The joint coordination committee continues its joint meetings to enable a real strategic partnership that will build vibrant and variant Iraqi economy and implement modern economic policies so to integrate Iraq's economy with the international economy and markets.
Dr. Shawis indicated Iraq's eagerness to strengthen collaboration, and economic ties in different areas with the United Sates. He also stressed the seriousness of the government in enabling investments in economy sector by undertaking administrative reforms, decreeing new laws, and providing facilitations to investors.
The heads and representatives of the joint working groups of Iraq and the United States discussed current areas of cooperation and reviewed the latest progress from their previous meetings. The major working groups consist of: public financial management, trade and investment, oil and energy, electricity, industry and private sector development.
The attendees discussed facilitating the movement of the businessmen and investors developing, and enhancing Iraqi banking systems to enable banks to provide advanced banking services. Support to private sector small and medium-sized enterprises was also discussed to enable these enterprises to support economy and provide new job opportunities.
The group also discussed DFI successor arrangements, necessary measures to ensure suitable immunity for Iraq funds in the future and the requirements that should be in place for Iraq to join the WTO, In addition to other economic matters of mutual interests.
The two sides agreed to continue their efforts and meetings, especially at the level of working groups in order to reach common understandings and close cooperation to establish long-term relationships to result in sustained benefit on the economy of the two countries and the welfare of the people of Iraq and the United States.
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