Iraq and U.S. sign commercial agreement
THE ASSOCIATED PRESS
BAGHDAD, Iraq -- Iraq and the United States signed a commercial cooperation agreement Monday that officials hope will help this country move into a free market after decades of wars, sanctions and state control.
U.S. Commerce Secretary Carlos Gutierrez and Iraqi Trade Minister Abed Falah al-Sudani attended the ceremony and told reporters that the Iraqi leadership will not tolerate widespread corruption.
"Concerning the agreement that we signed today, it is the result of long discussions and follows mutual agreements between Iraq and the United States," al-Sudani told reporters.
He said that the principles of the agreement are based on improving the Iraqi economy after it was destroyed by war.
"This agreement will be one of the important agreements that encourages the Iraqi economy to move from centralized economy to free economy," the Iraqi official said.
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