US Chamber of Commerce Visits Basra

A delegation from the U.S. Chamber of Commerce (USCC) arrived in Basra on Sunday to discuss investment projects and U.S. companies’ involvement with the province, according Max Haivanis, Senior Manager Middle Eastern Affairs.

“A visit by USCC representatives to Basra is meant to set the stage for U.S. firms’ entry into business projects in the province,” Haivanis told Aswat al-Iraq news agency.

“Meetings were held with government officials and local businessmen in the city to consider a mechanism for entry of U.S. companies, and investment opportunities available for the U.S. side in Basra,” Haivanis said.

He noted that U.S. companies are willing to work in the city, particularly in the areas of infrastructure and housing.

“The meetings also dealt with the participation by USCC members in trade fairs expected to be held in Basra, Baghdad and Erbil in September and November,” he added.

Leslie Schweitzer, senior trade advisor for the U.S. Chamber and leader of the Iraq mission, said: "As one of the least invested countries in Iraq, it is time for U.S. businesses to increase their presence. The potential investment and export opportunities are enormous and the Chamber will continue to be the leading voice for U.S. business involvement."

The U.S. Chamber of Commerce is the world's largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

(Source: Aswat al-Iraq, The Financial, US Chamber of Commerce)

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