US-Kurdistan Business Council
TO PROMOTE THE COMMON BUSINESS INTERESTS OF UNITED STATES BUSINESSES CONDUCTING BUSINESS IN KURDISTAN AND TO PROMOTE THE COMMON BUSINESS INTERESTS OF KURDISTANI BUSINESSES THAT DESIRE TO DO BUSINESS IN THE UNITED STATES.
US-Kurdistan Business Council
The US-Kurdistan Business Council (USKBC) is a 501(c)(6) non-profit trade association based in Washington, D.C. The organization is dedicated to facilitating trade and commerce between U.S. companies and the Kurdistan Region of Iraq. It aims to strengthen ties between the private sector in the United States and the Kurdistan Region by promoting investment opportunities and supporting economic development in the region.
History and Mission
The USKBC was established to capitalize on the economic potential of the Kurdistan Region, which is known for its liberal investment laws and significant needs across various industry sectors. The organization works closely with the Kurdistan Regional Government (KRG) and the private sector in the region to ensure that foreign investment provides value and benefits to local communities.
Activities
The USKBC organizes annual trade delegations to the Kurdistan Region, bringing U.S. business leaders and government officials together to explore new business opportunities and strengthen economic ties. These delegations have been crucial in helping U.S. companies establish successful businesses in the region.
Investment Opportunities
The USKBC identifies and promotes investment opportunities in sectors such as defense, agriculture, mining, and hospitality. Historically, U.S. investment in the region has focused on the energy sector, but there is a growing interest in diversifying into other areas.
Humanitarian Efforts
Beyond its economic goals, the USKBC has also engaged in humanitarian activities. For example, it has provided support to internally displaced students in the region through initiatives such as distributing school uniforms.
Relationship with the Kurdistan Region
The USKBC maintains strong relationships with high-level officials in the KRG, including Prime Minister Masrour Barzani and other senior government figures. These connections facilitate dialogue and collaboration between U.S. businesses and the Kurdistan Region's government and private sector leaders.
Economic Impact and Future Prospects
The USKBC plays a significant role in promoting economic growth in the Kurdistan Region by fostering U.S. investment and trade. As the region continues to rebuild its economy following past challenges, the USKBC remains a pivotal partner in developing new business initiatives and enhancing economic cooperation between the U.S. and the Kurdistan Region.
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