Highlighting the role of the Iran-Iraq Joint Commission in the removal of trade barriers between the two countries, the Iranian minister of economy said that Tehran and Baghdad will witness the considerable growth in bilateral trade next year (to start March 21, 2023). The two countries enjoy high potential to expand their trade and economic […]
A member of the board of directors of Iran-Iraq Joint Chamber of Commerce said that the export of Iranian products to neighboring Iraq is expected to surpass $9 billion. Currently, the situation surrounding Iran's exports to Iraq is satisfactory, Hamid Hosseini said, expecting that Iran's exports to neighboring Iraq will exceed $9 billion in the […]
By John Lee. Iraq's Council of Ministers has approved a list of additional import taxes aimed at protecting domestic producers: Imposing an additional customs fee of 65% on "epoxies and modern dyes" imported into Iraq from all countries and manufacturers for four years without reducing it and monitoring the local market while applying the additional […]
By John Lee. Exports from Turkiye (Turkey) to Iraq reportedly increased by 16.4 percent in 2022. According to data issued by the Turkish Exporters Association (TIM), Turkiye sold goods and services valued at $10.4 billion to Iraq during the year, up from $9.0 billion the year before. Meanwhile, Turkish projects in Iraq were valued at […]
Nawzad Sheikh Kamil, Director General of Trade at the Ministry of Trade and Industry, said that the KRG exports in 2022, compared to 2021, increased to 672.767 million dollars and imports increased to 15.403 billion dollars. "In 2022, the Ministry of Trade and Industry issued 5,204 import licenses and 168 export licenses for various agricultural […]
By John Lee. Iraq has extended its suspension of customs duties on basic commodities such as foodstuffs, construction materials and essential consumables from two months to three months. It has also similarly extended its suspension of the import ban on some goods, including foodstuffs, consumables, and medicines from two months to three months. The initial […]
By John Lee. Iraq will suspend customs duties on basic commodities such as foodstuffs, construction materials and essential consumables for a period of two months. In response to the increasing prices of various commodities, Iraq will also suspend the import ban on some goods, including foodstuffs, consumables, and medicines. The ban was in place to […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran exports to Iraq totaled $3.8 billion in past 6 months Iran's foreign trade reportedly increased by 47 percent in the past six months compared to the same period last year, to a total […]
By John Lee. Iraq was reported to be Iran's second biggest non-oil export destination for the period from 21st March to 21st May. Mehdi Mir-Ashrafi, the head of the Islamic Republic of Iran Customs Administration, is quoted as saying that Iran exported $2 billion worth of non-oil exports to China over that time, and $953 […]
By John Lee. Germany's TÜV Rheinland has said it has been named as the only certification body for Iraq's new "Certificate of Registration (CoR)" procedure. In a statement, the company said all manufacturers and suppliers who export goods to Iraq will in future require a registration certificate, which was issued in accordance with the new […]
By John Lee. The Iraqi government has said it is taking action to "end exemptions for some goods from import duties to increase income from border crossings". In a statement on Twitter, Minister of Finance Ali Allawi said: "Iraq is facing a dangerous situation; oil revenues are not enough to cover state expenditure, including the […]
Advertising Feature If you're an exporter looking to ship goods into Iraq, you'll need to get a Certificate of Conformity (COC) or Certificate of Inspection (COI). But what exactly does that mean and why are they important? International exporters around the world are taking advantage of Iraq's increasing demand for imports. The country took in […]
