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Marketing in Iraq country
If you want to trade in the The market of Iraq, please join in Anbar Asia. Your order will be shown here, so the traders of Iraq contact you
In the last fifty years, Iraq has been one of the most adversely affected countries in the Middle East from political and economic difficulties. In Iraq there are institutions, individuals, and organizations that can help you with exports and trade. The economic structure of Iraq, like all the countries of the Persian Gulf, is based on the production and sale of oil. Conditions and process of local and foreign investment are described the Iraqi parliament and Iraqi Investment Law.
Geography, culture, and language of Iraq
Iraq, officially known as the Republic of Iraq (Arabic: جُمْهُوريَّة العِرَاق, Kurdish: كۆماری فدریلی عێراق, Syriac: ܥܝܪܐܩ) is a country in the Middle East and Southwest Asia. The Iraqi capital is Baghdad. Iraq is bordered by Saudi Arabia and Kuwait to the south, Jordan and Syria to the west, Turkey to the north, and Iran to the east.
The land now called Iraq has historically been part of the territory of ancient Iranian empires such as the Medes, Achaemenids, Parthians, and Sassanids. 160] and was also part of Iran in some post-Islamic Iranian states until the Safavid period; during the Safavid Empire, this land was traded between Iran and the Ottomans; In some parts of Iraq, Iranian festivals such as Nowruz, Shab-e Cheleh, Chaharshanbeh Soori and held every year.
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- Iraq Natural Stones Market
- Iraq Minerals Market
- Iraq Petroleum Market
- Iraq Gemstones Market
- Iraq Construction Materials Market
- Iraq Chemicals Market
- Iraq Metals Market
- Iraq Petrochemicals Market
- Iraq Real estates Market
- Iraq Food Market
- Iraq Crops Market
- Iraq art and craft Market
How is shipment to Iraq and transport goods?
Relying on experience and benefiting from the presence of active representatives, some International Transport Group is one of the leading transport companies that has been specialized in transporting goods to Iraq for many years.
In addition to exporting agricultural and industrial products; the benefits of exporting to Iraq will usually be much more attractive in some new areas, such as health tourism and the provision of technical and engineering services.
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What we need to know before exporting to Iraq
Iraq is a country that has the longest land border with Iran. In a way that covers from the northwest of the country to the southern regions. This is the most important reason for the attractiveness of exports to Iraq for Iranian traders and producers.
Knowing the economic variables of this country will give our businessmen and merchants a better view of exports to Iraq.
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How is Iraq trade with the world?
To export to Iraq, you need to be well acquainted with the amount and manner of its trade with different countries of the world. Among the various countries in the world that trade with Iraq, the names of some countries such as China, India, and Turkey are more common.
Currently, according to global data, Iraq has the highest imports from various countries, including China (28.64%), Turkey (24.27%), India (6%), South Korea (5.88%), and the United States (4 percent), Germany (3 percent), Saudi Arabia, Brazil, and Italy (2 percent).
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Profits of exports to Iraq
Since 2003, Iraq has been one of main trading partners since the fall of Saddam Hussein. Official customs statistics show that the dollar value of Iran's non-oil exports to Iraq in 1998 was more than $ 9 billion, which is a significant figure. But for many, the question is what the best way to export to Iraq is. Most experts in this field suggest that for small to medium-sized companies, the best way to export to this country is to export indirectly and through intermediaries.
In the field of health tourism, a large number of Iraqis travel to various cities in Iran each year for treatment. Religious tourism is another type of tourism that has grown significantly between Iran and Iraq in recent years.
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What is the best manner to export the products to Iraq?
To export a product, it is necessary to obtain the necessary licenses and standards by the laws of each country. In some country, for example, the Trade Development Organization has banned the export of goods to Iraq without affixing a Latin or Arabic label. The Iraqi Standardization Institute has also enacted the same law for sending Iranian goods to this country, like Iran, so that all goods with two Latin and Arabic labels can be exported to this country.
The foreign debt was over $80 billion by 1988, foreign reserves were drained, development projects were abandoned, more than 20 percent of the labor force of Iraq was working for the army, oil revenue was at minimum level and all valuable things in the country such as large factories in construction materials and mineral extraction, food processing and light manufacturing and agricultural lands were sold in a frenzy of privatization and the revenue was spent for the needs of the army (Parker and Moore, 2007). Thus; based on all these political and economic problems, 1988 was the break-down year of Turkey and Iraq trade relations.
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What are the customs clearance and customs procedures of Iraq?
For example, because Iraq's political system is federal and the provinces have special powers, it is sometimes observed that commercial law is enforced in one province but operated differently in other provinces.
We offer you in-person and telephone advice on exporting to Iraq through the Business platform, which you can use at any time and place with the least cost and time with the services of expert consultants in this field.
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How is economic conditions of Iraq?
The Iraqi economy is heavily dependent on oil, in other words, it is based on the oil economy. About 95% of Iraq's total oil revenues come from the sale of Iraqi oil. Numerous wars in Iraq and long-term international sanctions have left the Iraqi economy behind.
In the current situation, the Iraqi people are in a very bad economic situation, and the Iraqi government is not able to meet their basic needs and create jobs for them, and now the unemployment rate in Iraq is official / percent. At the same time, the Iraqi Minister of Commerce has announced that the national unemployment rate and the low unemployment rate in this country are between up to one percent, and the Iraqi Minister of Labor and Social Affairs announces this figure as more than one percent. The conditions of war and sectarian strife have displaced more than four million Iraqis, making the economic situation more critical.
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Iraqi Investment Laws and Regulations
The Iraqi Investment Law was approved by the Iraqi parliament at its October 10, 2006 session, which was published in the official media after the president approved it. The conditions and process of local and foreign investment are described in this law. The purpose of this law includes the following:
- Investment in oil and gas extraction and production fields
- Investing in banking and insurance companies
- Investing in land acquisition (except for housing projects); These lands can only be owned by Iraqi nationals, and foreign nationals can only use these lands for 50 years (this period can be extended).
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