Iraq receives largest US trade delegation
According to a statement released by the US Embassy in Iraq, the step aims to enhance private sector connections between the two countries.
To improve relations between the commercial sectors in the United States and Iraq, the Federation of Iraqi Chambers of Commerce and the US Chamber of Commerce signed a crucial memorandum of understanding on Monday.
This alliance is expected to promote sustained economic cooperation between the two countries.
According to media reports, Baghdad wants to keep its diplomatic and economic ties with Washington, its strategic ally, balanced.
According to data issued by the Executive Office of the President of the United States, the estimated value of US goods trade with Iraq was $9.1 billion in 2024.
Early Tuesday, the US Embassy in Iraq said that a group of 101 individuals, representing around 60 US firms in the energy, technology, and health sectors, are visiting Iraq this week, the state news agency (INA) reported.
During the visit, which extends from April 7 to 9, the delegation will meet with senior Iraqi officials, interact with Iraqi companies, and sign a number of agreements.
During a reception ceremony for the trade delegation in Baghdad, the Chargé d'Affaires of the US Embassy in Baghdad, Daniel Rubinstein, said that the visit aims to strengthen trade partnerships between the two countries.
The step follows US President Donald Trump's decision to impose a 39 percent customs tariff on Iraqi imports and the Iraqi cabinet's instructions to enhance banking and financial services between US and Iraqi firms as well as to strengthen bilateral trade connections with the US.
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