July 10 -11, 2005: US and Iraqi Officials Meet to Discuss Economic Reforms

The US-Iraq Joint Commission on Reconstruction and Economic Development meets in Amman, Jordan, to discuss Iraq’s progress in implementing a number of reforms that will help transition the country to a market-based economy (see, e.g., September 29, 2004). During the two-day meeting, Iraqi representatives reconfirm their commitment to scaling back fuel and food subsidies. They also announce the opening of a USAID-backed Investment Promotion Agency that will help Iraqi and foreign investors open businesses in Iraq. [US Department of State, 7/13/2005]