CNH ANNOUNCES ITS PARTICIPATION IN BAGHDAD MEETING OF THE U.S.-IRAQ BUSINESS DIALOGUE
BURR RIDGE, IL (February 9, 2008) - CNH (Case New Holland) today announced its participation in the second in-person meeting of the U.S.-Iraq Business Dialogue (USIBD) in Baghdad.
"Today provided a great opportunity for CNH to show its commitment to Iraq by highlighting past successes in the region as well as focusing on future market growth," said Joseph Samora, Senior Vice President, CNH. Samora was appointed on January 11, 2007, by U.S. Department of Commerce Secretary Carlos Gutierrez to be one of ten members in the U.S. Section of the U.S.-Iraq Business Dialogue. "This visit further solidifies Case New Holland's market leadership in Iraq for agricultural and construction equipment for over 30 years."
Today's Baghdad trip was led by Secretary Gutierrez. During his Baghdad meetings, Samora highlighted the completion of CNH's recent sale of 200 New Holland tractors in Iskandariyah, Iraq.
The USIBD is intended to bring together U.S. and Iraqi business leaders and government officials to discuss ways to facilitate private sector business growth in Iraq and to strengthen trade and investment ties between the United States and Iraq. Iraqi Minister of Trade Abd Al-Falah Al-Sudani appointed ten Iraqi businessmen to the Iraqi Section of the USIBD.
The USIBD on February 20, 2007 had its first in-person meeting in Erbil, Kurdistan, Iraq. Today's meeting in Baghdad was the second USIBD in-person meeting in Iraq.
Today, the USIBD presented its first formal recommendations aimed at developing Iraq's private sector, including adoption of policies to stimulate the growth of the private Iraqi banks and the creation of a joint U.S.-Iraq initiative to restart dormant private Iraqi industry. For more information on the USIBD and the report released today please visit: www.trade.gov/iraq.
Samora and the other members of the U.S. Section in the USIBD had a briefing with General David H. Petraeus, Commanding General, Multi-National Force-Iraq and Iraqi Prime Minister Nouri al-Maliki. In addition, Samora met with Iraqi Minister of Agriculture Ali Husayn al-Bahadili.
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by about 11,500 dealers in 160 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange (NYSE:CNH), is a majority-owned subsidiary of Fiat S.p.A. (FIA.MI). More information about CNH and its Case and New Holland products can be found online at www.cnh.com.