*Iraq As An Investment Opportunity*
  February 22, 2009
http://www.boston.com/bostonglobe/editorial_opinion/editorials/articles/2009/02/22/iraq_as_investment_opportunity/
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FRENCH President Nicolas Sarkozy's recent trip to Iraq was a good omen for
Iraq and also for America

Sarkozy was candid about his aims. "I came to show France's willingness to
take part in the economic development of Iraq, in the rehabilitation of its
infrastructure," he said. "Our collaboration has no limits." Left unsaid was
a desire to make sure the French oil company Total - which once held
contracts with Saddam Hussein - will be given consideration as Iraq begins
writing new contracts with foreign oil companies.

This ulterior commercial motive is precisely what makes Sarkozy's Iraqi
sojourn a positive sign. It says that French oil executives and government
analysts have begun to see the light at the end of the Iraqi tunnel. Their
interest confirms that security has improved markedly and that Iraqis are
starting to resolve their differences by political means. Sarkozy's visit
means that France sees Iraq as a sound investment opportunity.

The Obama administration need not be upset that Iraqi Prime Minister Nouri
al-Maliki used a joint press conference with Sarkozy to rebuke Vice
President Joe Biden for saying the United States has to become "more
aggressive" in pushing for quicker political reform in Iraq. Maliki's allies
had success in the recent provincial elections because of the way he has
asserted nationalist independence. He did so by forcefully breaking the hold
of rival Shi'ite militias on Basra and other towns, and by standing up to
the Americans - demanding they accept a timetable for withdrawal and limits
on US prerogatives in Iraq.

The US objective for Iraq should be to see the country become stable and
independent. That's what is beginning to happen, and that is what drew
Sarkozy to Baghdad.
(c) Copyright 2009 Globe Newspaper Company.

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