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President Karzai Speaks About Investment at George Washington University

The Government of Afghanistan has worked tirelessly to ensure that the country supports a liberal investment policy that encourages and protects private investment. President Karzai spoke about Afghanistan’s investment-friendly business climate before an audience of 300 American and Afghan-American business leaders, together with representatives from the U.S. government and multilateral institutions, and university students at the George Washington University (GWU). After a warm welcome from GWU President Stephen Joel Trachtenberg, President Karzai discussed the challenges and opportunities for economic development in Afghanistan. “The prosperity of Afghanistan will eventually mean prosperity in America. The prosperity of Afghanistan is eventually prosperity in Australia, Canada and Europe. So hurry up and help the contribution to the prosperity of Afghanistan so we all can be prosperous all over the world,” he said. The President went on to express confidence in the findings by the US Geological Survey that Afghanistan’s oil and gas reserves are much larger than previously estimated and invited major international oil companies to engage the Afghan government.

 

The audience was also addressed by U.S. Secretary of Commerce Carlos Gutierrez, who discussed key sectors for successful economic and business cooperation between the two countries, such dried fruits & nuts, carpets and marble. The discussions were immediately followed by an engaging panel discussion with Minister of Finance, Anwar ul Haq Ahady, President & CEO of the Afghanistan Investment Support Agency (AISA), Dr. Omar Zakhilwal, and representatives from ARC Companies, the Afghan-American Chamber of Commerce, Globecomm Systems, Nice Blends Corporation and the U.S.-Afghanistan Reconstruction Council.

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