Invest in Iraq Now or Miss Out, Says U.S. Envoy

American companies should invest in Iraq now to avoid losing out on opportunities to other international firms, Under Secretary of Commerce Francisco Sanchez said during a trade mission to Iraq.

According to the report in Reuters, he urged corporate leaders to hurry while acknowledging that security concerns remained high.

“The time is now. I think American businesses that want to take advantage of opportunities, if they wait a year, if they wait until everything is in a nice, neat order, then they’re going to cede opportunities to businesses from other parts of the world,” he told reporters in Baghdad.

“Opportunities to create partnerships and to engage is not a year and a half from now, or two years from now where perhaps you’ll see a continued reduction in attacks or violence. If you want to really play a role here, you have to be here now.”

2 Responses to Invest in Iraq Now or Miss Out, Says U.S. Envoy

  1. […] Read Invest in Iraq Now or Miss Out, Says U.S. Envoy. […]

  2. Barry Bryan December 16, 2010 at 9:48 am #

    How does one find local kindred soules? I have been looking on internet for weeks to find people wanting to enter the oilfield service industry & have resigned myself to coming to Iraq insearch of jobs myself.

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