Saturday, June 4, 2011

Clinton urges U.S. companies to invest in Iraq - CNN.com

Clinton urges U.S. companies to invest in Iraq - CNN.com: "Washington (CNN) -- Iraq is open for business, and American companies should make an effort to invest there, Secretary of State Hillary Clinton said Friday.
'President Obama and I and our government believe strongly that expanding economic opportunity is as essential as building democratic institutions,' Clinton said while surrounded by executives from companies as far-ranging as Occidental Petroleum, JP Morgan Chase, General Electric, Microsoft and Lockheed Martin, in a round-table discussion aimed at getting companies focused on commercial opportunities in Iraq despite its current 'tough environment.'
The meeting comes as the United States transitions from a military-led to a civilian-led partnership with the Iraqi government by the end of the year. The State Department is leading an inter-agency effort to support American companies in their efforts to secure commercial opportunities in Iraq.
With one of the largest customer bases in the Arab world, along with one of the best-educated work forces in the region, Clinton said, Iraq poses significant opportunities for American companies. The International Monetary Fund has projected for Iraq to grow faster than China over the next two years, she said."

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