The United States and the Iraqi government have negotiated two historic agreements: a Strategic Framework Agreement (SFA) covering all of our political, economic and security relations with Iraq, and a security agreement – also known as the Forces Agreement (SOFA) – that implements our security relationship. At the economic meeting, Iraq outlined its ideas for economic reform plans that would unleash faster growth and a more dynamic private sector. The United States reaffirmed its support for Iraq`s economic reforms and identified areas of cooperation that could help Iraq implement its plans. The two countries discussed coordination with international financial institutions to help Iraq recover from low oil prices and COVID-19 and put the country on a more sustainable fiscal path. The two countries intend to cooperate on e-government, financial sector reforms, and private sector partnerships to boost trade and investment between the United States and Iraq. The two governments look forward to hosting a meeting of the Trade and Investment Framework Agreement (TIFA) Council before the end of the year to follow the June 2019 meeting. Iraq and the United States signed the Strategic Framework Agreement in 2008 based on a relationship of friendship and cooperation between the two nations. For the joint statement of the Iraqi and US governments on the opening of the strategic dialogue in pdf format on 11.6.2020. At the energy meeting, the United States and Iraq discussed the Iraqi government`s efforts to increase domestic electricity and gas production, reduce the fire of wasted gas, and implement energy market reforms.
The two governments intend to convene a meeting of the Joint Energy Coordination Committee in the near future to discuss these issues in more detail. On the sidelines of today`s meeting, the Iraqi government signed important energy agreements with the United States. Companies including General Electric, Honeywell UOP and Stellar Energy, as well as Memoranda of Understanding with Chevron and Baker Hughes as concrete examples of the U.S.-Iraq energy partnership. Iraq and the United States noted the ongoing cooperation with the International Energy Agency (IEA) to develop plans to reform electricity tariffs in Iraq. The two governments intend to continue their cooperation with the Member States of the Gulf Cooperation Council (GCC) and the Liaison Authority of the Gulf Cooperation Council on electricity links and energy investments between Iraq and the GCC. The United States welcomed the progress made in discussions between the Iraqi Federal Government and the Kurdistan Regional Government on fiscal and energy issues. . . .