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Iraq: Trade Profile

Foreign Trade in Figures

The country is, in general, open to foreign trade. The new trade policy aims at integrating the country’s economy into regional and international markets.

The country does not have many trade barriers. The Iraqi government has implemented new laws aiming to strengthen its trade. However, the increase of  the value of the Dinar in relation to the US dollar creates a hindrance for the development of foreign trade. Moreover, corruption, weak institutions, lack of legal protection and poor implementation of structural reforms discourage foreign trade.

The economic crisis deteriorated the foreign balances of the country and the trade balance has been negative in the last fiscal periods. Iraq had just begun to reinforce its economic relations with its direct neighbors (Syria, Jordan, Turkey) in the areas such as the port and rail sectors, but the wave of protests in the region could reduce the intensity of this trade.

The main trading partners of Iraq are the United States, the European Union and Syria.

To go further, check out our service Import export flows

Commercial Policy

Main International Economic Cooperation

Member of the Organization of the Petroleum Exporting Countries

. Iraq is part of the Greater Arab Free Trade Area (GAFTA), a pact of the Arab League entered into force since in January 2005 which aims to form an Arabic free trade area .

Assessment of Commercial Policy

Iraq and WTO

Average Customs Duty (Excluding Agricultural Products)

List of tariffs and local taxes that apply to your product on our service Customs duties and local taxes

Useful Resources

Egyptian Embassy in Iraq
103, Alley 11, Zone 601,
El-Mansour, Baghdad
Phone: (+9641) 5417370 - 5430572 - 5430573
Fax: (+9641) 5566346 - 5639928 - 2425839

National Organization of Intellectual Property

You can contact the Industrial Property Department by Email.

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Last Updates: May 2012