Readout of Chancellor Masrour Barzani’s meeting with US Trade Mission

Chancellor and Prime Minister-designate Masrour Barzani had a lengthy, engaging meeting today with a trade mission led by U.S. Chamber of Commerce to discuss challenges and opportunities to foreign investments in the Kurdistan Region and Iraq. Chancellor Barzani detailed his plans to reduce dependence on oil and gas by investing in agriculture, industry and tourism, among other sectors. He also shared proposals to reduce and streamline bureaucracy through digitalization. The Chancellor also stressed that greater transparency would help restore trust between locals and businesses and develop a stronger, reliable banking sector. On Iraq, Chancellor Barzani said he intends to lead new efforts to address the protracted disputes with the Iraqi Federal Government. He said the Constitution already outlines mutually beneficial mechanisms, and looks forward to engaging Prime Minister Adel Abdul Mahdi.

In the meeting attended by KRG Representative to U.S. Bayan Sami Abdul Rahman; Steve Lutes, Vice President of Middle East Affairs for the US Chamber of Commerce; U.S. Consul General in Erbil Steve Fagin, and other diplomats and KRG officials, Chancellor Barzani welcomed the Memorandum of Understanding between the Kurdistan Federation of Chambers of Commerce and Industry and the United States Chamber of Commerce.