Wednesday, July 25, 2012 23:58

Announced today that the United States and Iraq signed a memorandum of understanding outlines of U.S. support for Iraqi efforts to reduce administrative obstacles in the Iraqi private sector.

The Web site of the U.S. Embassy that the memo had been signed on 18 July present between the U.S. Embassy in Baghdad, through the U.S. Agency for International Development (USAID) and the Office of the Prime Minister of Iraq, in line with the strategic framework agreement.

He has signed a Memorandum of Understanding Director United States Agency for International Development in Iraq Alex decay, and the Director of Office of the Prime Minister Dr. Ahmad Hamid.

The embassy said that the signing of this memorandum allows the agency to begin officially participating in the project management and administrative reform in Iraq [insistence] who will review and eliminate unnecessary procedures that hinder business and private investment. The groups will work on the project the problem of Iraqi government officials and representatives from the private sector to issue recommendations to simplify the procedures for opening new projects and to obtain building permits and to facilitate trade with neighboring countries and the world.

The embassy noted that these recommendations will help to introduce a significant improvement on the Iraqi private sector in the classification of the country in the World Bank report on the establishment of projects, which will support efforts to expand the scope of investment in the economic sector in Iraq.

The implementation of these reforms will send a clear message to international business that Iraq is laying the foundations of a new economic rapidly.

The project [insistence] one of the group of projects supported by the U.S. Embassy in Baghdad as part of the strategic framework agreement to support the Iraqi government’s efforts towards improving the private sector. :