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Iraqi News
08-04-2025
- Business
- Iraqi News
Iraq receives largest US trade delegation
Baghdad ( – The US Chamber of Commerce sent a delegation representing almost 60 American businesses to Baghdad in an effort to promote fair and balanced commerce between the United States and Iraq. 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.
Shafaq News
07-04-2025
- Business
- Shafaq News
Largest US trade delegation in history arrives in Baghdad
Shafaq News/ A major American trade delegation comprising more than 100 representatives from nearly 60 US companies arrived in Iraq on Monday, the US Embassy in Baghdad announced. 'This is the first Chamber of Commerce-certified trade mission to Iraq and the largest in the Chamber's history,' the embassy said. The three-day visit, from April 7 to 9, will include meetings with senior Iraqi officials, discussions with Iraqi businesses, and the signing of multiple agreements. As part of the visit, the US Chamber signed a Memorandum of Understanding (MoU) with the Federation of Iraqi Chambers of Commerce to support cooperation between both countries' private sectors. The visit comes days after President Donald Trump announced a broad set of tariffs on US trading partners including Iraq, saying the move is a 'declaration of economic independence.' The U.S. Chamber of Commerce and the Federation of Iraqi Chambers of Commerce signed a pivotal memorandum of understanding to strengthen ties between the US and Iraqi private sectors. This partnership will foster long-term economic collaboration. — U.S. Embassy Baghdad (@USEmbBaghdad) April 7, 2025
