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Your affiliation to the Iraqi- American Chamber of Commerce & Industry inaugurates before you marvelous prospects with the outer world economics… as it avails an invaluable opportunity to be in direct contact with foreign companies and investors, particularly from the U.S.A to realize your dreams in development, business promotion and economic success.
The chamber has big and vital goals to realize so to better serve the Iraqi economy in its new phase and the role expected to play in the life of Iraqis, the era of freedom, openness and aspiring towards broader horizons of prosperity and progress which stipulates new formulas of economic activity distinguished by dynamic spirit, creativity, and transparency as well, that is in addition to a radical transfer from stage of stagnancy and centralized economy into a phase of market economy, to be broadly open towards worlds’ ever –growing economies and to react with up to date technology and management systems through direct contact channels with foreign and American business firms, the chamber also tries its best to furnish a sound and safe grounding for mutual cooperation and understanding between the different Iraqi economic sectors and foreign interested companies and businessmen ….. Eventually to open wide doors before the Iraqi private sector businessmen as well as governmental firms and ministries to realize true face-to-meetings with foreign and American investors, Through a series of comprehensive and specialized exhibitions and symposium instantly enabling them to conclude beneficial trade and industrial deals, joint investment projects or any kind of corporate economic activity.
IACCI Profile
The chamber is an economic organization enjoying an independent abstract character as well as financial and managerial.
It is a non-governmental society which represents the aspirations of both the Iraqi and American private sector, in addition in being a non-profit one aiming at creation of opportunities for Iraqi businessmen and investors to get closer to their American counterparts in the United States and other developed world countries.
The chamber was established on May 9th / 2003, loss Angeles- California, by a group of Iraqi expatriate businessmen and industrialists in U.S.A, its main office is situated in California and a branch office in Washington D.C. the chamber acquired the necessary formal approvals for its founding from the American federal government, American ministry of trade and the American chamber of commerce as well.
After its Iraq branch foundation in 15/8/2003, the chamber worked hard to expand its activities through cooperation and harmonizing efforts along with the Iraqi ministries of trade & industry, also to tighten relations with the Iraqi industrialists union, Iraqi chambers of commerce federation, Baghdad Chamber of Commerce, Iraqi businessmen federation, Iraqi Engineers Union, Iraqi contractors Federation, Iraqi Physicians union, Iraqi Bar association,. The chamber also tries its best to extend relations with all parties concerned with private economic activity in Iraq, as well as governmental quarters.
Chamber activities
In spite of the fact that the chamber is a newly born association and the abnormal conditions prevalent conditions in Baghdad, it managed to accomplish many tasks and displayed various activities, to cite: -
Participation in the symposium world trade chambers concluded Quebec/ Canada in September/2003, aimed at restoration of relations between Iraqi trade organizations and their international counterparts.
The building of strategic ties with the American Chamber of Commerce and international investment Center.
Comprises more than 300 members in America.
More that 1500 applications for membership.
Affiliation to World Chamber of Trade.
The carrying out of the first survey in Iraq to study closely opinions and proposals of businessmen about private sector future in Iraq.
Started trade negotiations through participation in (AJEX) exhibition/Amman, Jordan, for the period (21-23) th October /2003.
signing agreements with Iraqi Middle East & insurance banks to decrease to a certain degree foreign exchange members.
signing agreement with (DHL&FedEX) to decrease to a certain degree members and the chamber be its representative in Iraq.
The inauguration of a Job Creation Department affiliated to the chamber whose task is to avail job opportunities for Iraqi proficiencies and experiences in american and foreign companies.
The conclusion of an extensive conference in Baghdad on Tuesday 2/12/2003. To discuss the new foreign investment law in Iraq, attended by a considerable number of ministers, state officials and businessmen.
An active participation in Amman conference to which a large number of British firms were invited under the motto; (Iraq – a nation to rebuild) for the period ( 9-11 )th December, 2003, and in which the chamber took part by a delegation comprising more than 35 members.
The conclusion of an agreement with (GLOBAL) international institute to hold commercial and correspondence English language training courses as well as computers for the chambers’ members at the Iraqi Engineers union building.
The preparations to organize the biggest and first trade and industrial exhibition on the grounds of Baghdad International Fair after some changes under the title: (Destination…Baghdad) – DBX.
IACCI Members Privileges
The chamber offers privileges and facilities to its members … as to this respect we would like to assure that these are not the last, but there are always new ones which the chamber tries its best to avail once conditions be viable, here below we cite some;
Introducing Iraqi business and tradesmen activities to their American counterparts through formation of a data base record about each member of the chamber for american and foreign firms perusal and disposal.
Providing members of necessary information about American firms and plants whether in U.S.A or its braches in Iraq.
Travel and accommodation facilities to participate in exhibitions and forums in which the chamber takes part outside Iraq.
Banking and financial facilities for members through concluding agreements with a number of Iraqi banks.
Consolidation of trade and industrial ties between Iraqi businessmen and their American colleagues.
Familiarizing the Iraqi tradesman with the nature of American trade and financial affairs.
The granting of chambers’ members priority in all partnerships and authorizations requested by American companies to qualify competent tradesmen respectively.
A discount of 25% in tuition fees for English language training courses organized by the chamber in coordination with (GLOBAL) international institute for commercial correspondence language.
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