By John Lee. Iraq's General Customs Authority has approved new mechanisms for calculating the customs value of imported goods. The mechanisms will be applied across all customs centres and include the following measures: Adoption of the customs value stated in duly declared commercial invoices submitted under the advance declaration system, supported by bank transfers, at […]
By John Lee. Iraq's General Customs Authority has reported its highest-ever monthly customs revenues, exceeding IQD 137 billion (USD 105 million) in January 2026, reflecting the impact of recent regulatory and administrative reforms. The Authority said the increase followed the full implementation of Decision No. 957 across all customs centres, improving revenue collection efficiency and […]
From Almas Group Logistics: New Customs Regulations Take Effect at Umm Qasr Port: What Iraqi Importers Need to Know Iraqi Customs implements item-based duty calculations under Council of Ministers Decision No. 957/2025 applying customs duties based on individual item classification and value. Significant changes to customs clearance procedures are now in effect at Umm Qasr […]
By John Lee. Iraq's Council of Ministers has approved measures to support the development of the domestic pharmaceutical industry and protect local production. The decision includes merging the existing Pharmaceutical Council, established under Cabinet Decision No. 23151 of 2023, with the Higher Committee for the Development of the Pharmaceutical Industry. The merged body will include […]
By John Lee. The Council of Ministers has approved the imposition of an additional 40 percent customs duty on imports of nitrogen gas from all countries. The measure is intended to regulate industrial gas imports and protect domestic production. The decision is based on the Law on the Protection of Iraqi Products (No. 11 of […]
By John Lee. The Ministry of Trade has confirmed that Iraq's oil exports to the United States will not be affected by the newly announced 30-percent U.S. tariff, which was introduced by President Donald Trump to address the trade deficit with Iraq. Trade Ministry spokesperson Mohammed Hanoun said that oil exports are exempt from the […]
By John Lee. As part of efforts to protect domestic industry, the Iraqi Cabinet has approved the imposition of an additional 20% customs duty on imported aluminium cans used for carbonated beverages, juices, and energy drinks. This brings the total tariff to 50% per unit of measurement, applicable to imports from all countries and origins. […]
By John Lee. The Iraqi Council of Ministers has approved a request by the Ministry of Health to lift the ban on importing electronic cigarettes, electronic hookahs, and tobacco products, provided that all imports comply with the country's Anti-Smoking Law (No. 19 of 2012). Under the new policy, the Central Organization for Standardization and Quality […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New Iraqi customs rules snarl Duhok trade route New Iraqi customs rules at Kurdistan Region's border with Turkey have disrupted the movement of goods and thrown thousands out of work in Duhok, a key […]
By John Lee. Iraq's Council of Ministers has approved a series of preventive trade measures aimed at protecting domestic industries. These include the imposition of a 60% additional customs duty on imported transparent containers and single-use plastic cups from all countries, which will be in place for four years. The market will be monitored throughout […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani addressed the Conference on Reforming the Iraqi Banking Sector on Monday, outlining an ambitious agenda to modernise Iraq's financial infrastructure and promote sustainable economic development. Key initiatives and achievements highlighted in the Prime Minister's address include: Implementation of a three-year national budget, enabling long-term planning and strategic […]
By John Lee. Iraq's General Customs Authority has introduced new customs procedures aimed at enhancing trade efficiency, preventing smuggling, and supporting domestic industries. Key Objectives: Implementing modern electronic systems to reduce delays and streamline processes. Strengthening anti-smuggling measures to protect markets from substandard goods. Ensuring fair trade regulations and compliance among all importers. Encouraging local […]
