Meeting of IBC Members with the American Embassy Economic Advisor’s Deputy

A number of IBC members; Dr. Majid Saedi, Mr. Saad Naji, Mrs. Wasan Al-Khafaji, Mr. Faris Kamal and IBC CEO met on Tuesday October 11th, 2016 at IBC Headquarters with the American Embassy Economic Advisor’s Deputy Mrs. Mariana Noisler and the Economic Analyst at the American Embassy in Jordan Mr. Shadi Al-Majali.

At the beginning of the meeting Dr. Saedi welcomed the guests and presented an overview on IBC tasks, activities and endeavors to invigorate investment in Iraq and Jordan reviewing the volume of investment of IBC member companies in a number of sectors.
During the meeting, the members also discussed means of enhancing economic cooperation with the American companies and the difficulties encountering companies to export commodities to Iraq under the present circumstances, stressing the necessity of opening Trebil border crossing to improve the economic and trade relations between Iraq and Jordan.

Furthermore, Dr. Saedi emphasized the need to find new mechanism for investors and producers to invest in the American markets. For his part, Mr. Faris Kamal stressed on the need to facilitate the process of Iraq’s joining the International Trade Organization.

Also, the US Embassy Economic Advisor’s Deputy Mrs. Mariana Noisler expressed keenness of the American Embassy Economic Section to promote relationships with the Iraqi investors especially in the energy and water sectors and discussed with the members a mechanism to finance projects, the existing banking system in Iraq and work mechanism of the private banks in Iraq.
At the end of the meeting, both sides exchanged thanks on organizing the meeting.