KTFA
FRANK26: "SO WILL A NEW EXCHANGE RATE BECAUSE 1310 WILL DESTROY IRAQ'S ECONOMY!!!"....F26
The President of the American Chamber of Commerce: The Treasury Department will play a role in developing the Iraqi economy.
4/9/2025
The Vice President of the U.S. Chamber of Commerce, Steve Lutes, confirmed on Wednesday that the Treasury Department will play a role in developing the Iraqi economy. Meanwhile, the head of the Iraqi Economic Council stated that the country is much better off economically today than in previous years.
"Our visit to Iraq is the largest visit by businessmen from various sectors from the United States of America," Lotus said during a press conference attended by a Shafaq News Agency correspondent.
He added, " Iraqi Prime Minister Mohammed Shia al-Sudani is working to establish partnerships between Iraqi and American companies to develop Iraq's industrial and economic sectors."
He continued, "The US Treasury and the US Chamber of Commerce represent the joint efforts of Iraq and America to develop the economy and to have a joint role between us."
For his part, Ibrahim al-Baghdadi, head of the Iraqi Economic Council, emphasized during the conference that "the recent years following liberation have unfortunately witnessed a significant decline in education in Iraq. However, I hope that it will develop again with the presence of the American University, to save education, and this is considered a lifeline for Iraq."
He stressed that " we cannot forget the role of the United States in liberating Iraq from dictatorship, and that the United States is the world's leading nation in various fields and is the one who has the credit for Iraq after its liberation."
He pointed out that " the visit of the American delegation, consisting of more than 100 individuals and more than 60 American companies, is evidence of the progress made in relations to develop the Iraqi economy," adding that "two days ago, we launched the Private Sector Development Council, headed by Prime Minister Mohammed Shia al-Sudani, the First Vice President, the Minister of Planning, and the Second Vice President."
He explained that "Iraq today is better than it was decades ago, and we welcome any company that wants to work in Iraq to develop the Iraqi industry and economy."
