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Friday, May 18, 2007

Good News from Iraq: 18 May 2007

From MNF-I, progress in the Iraq economy.

While the intra-Iraqi economy begins a cycle of creating jobs and industries to restart the economy, international businesses are beginning to show interest in what an industrial Iraq has to offer.

“We continue to work contract negotiations with Western retailers as well as heavier industrial operations in the West,” [Paul] Brinkley [U.S. deputy undersecretary of Defense for Business Transformation] said. “One of the most inspiring locations is a very large textile factory [in Najaf] where 1,800 Iraqis have now returned to work, and the clothing made in that factory is being reviewed by Western retail outlets.”