Iraq Business Survey and Regional Business Agendas Available Online
The Center for Private Enterprise (CIPE) works with the private sector in Iraq to build an institutional foundation for economic growth and democratic stability. In July 2011, CIPE published their updated 2011 Iraq Business Survey results and presentation online. Also available on their website now, are regional business agendas developed for Kurdistan, Najaf, Basrah, and Anbar.
U.S. Business Council Iraq Attends Baghdad International Trade Fair
Members of the U.S. Business Council Iraq (USBCI), a private sector business association, in partnership with the U.S. Chamber of Commerce and the U.S. Departments of State and Commerce, collaborated to organize a “USA Pavilion” at the Baghdad International Trade Fair, ending on November 10, 2011. This Pavilion was the first since 1988, with 85 companies and universities from the U.S. represented. Learn more about the USBCI
Business Briefing by Iraqi Energy Sector Officials to be Hosted in Houston, Texas
The U.S. Trade and Development Agency (USTDA) sponsored a Reverse Trade Mission (RTM) for a delegation of energy sector officials from Iraq’s Ministry of Oil (MOO) and State Company for Oil Projects (SCOP) in late October / early November 2011.
The goal of this RTM was to support economic growth in Iraq and the modernization of the country’s energy infrastructure. The program exposed the delegation to U.S. companies with products, services and/or technologies that can competitively respond to up-coming procurements in the oil & gas sector. It also featured a one-day business briefing in Houston, and a short visit to Washington, DC to meet with relevant oil and gas agencies, industry associations and companies.
Anbar Province Announces Istanbul Investment Conference
Under the patronage of H.E. Vice President Tariq Al-Hashimi, the Anbar Investment Commission hosted Al Anbar 2nd Annual Investment Conference, from October 24-26, 2011, in Istanbul, Turkey. Read more
Ministry of Oil Announces Third Pre-Qualification Process for International Oil Companies
The Iraqi Ministry of Oil announced on its website a May 19 deadline for international oil companies to register to compete for the fourth bidding round scheduled for January 2012. Pre-qualified companies that were not successful in the previous three licensing rounds must update their documents, while new companies must complete a pre-qualification form available on the website. Read more
Note: Previously, the fourth round of bidding was to be held in November. While the auction itself was postponed, the deadline for pre-qualification was unchanged.
Corporate Briefing on Iraq to be Held in Los Angeles
On Monday, May 9th, the Los Angeles Area U.S. Export Assistance Center, in conjunction with the Los Angeles Chamber of Commerce, hosted a half-day seminar discussing business opportunities for U.S. companies in Iraq. Read more
Iraq Oil and Gas Firms Delegation to Attend Offshore Technology Conference (OTC)
On May 2-5, 2011, the IIRTF and the Baghdad Commercial Service brought a delegation of oil and gas firms from Iraq to the Offshore Technology Conference (OTC). The Iraqi firms met U.S. companies interested in finding an Iraqi agent or representative, investing in the Iraqi oil and gas sector, selling oil and gas related technology products or services, or creating joint ventures and other types of business relationships.
Opportunities in Iraq’s Oil & Gas Industry & Networking Reception at OTC: On May 4, the IIRTF organized a Networking Event on Iraq’s Oil and Gas sector at OTC’s Reliant Arena.
USDA Publishes Country Report on Iraq’s Food Agricultural Import Regulations
On March 24, the U.S. Department of Agriculture’s Foreign Agricultural Service published the “Iraq Food Agricultural Import Regulations”, a report outlining regulatory requirements and import procedures for food and agricultural imports to Iraq. Read more.
Google.iq Localized Domain Added in Iraq
Updated Legal Guide to Investing in Iraq Now Available
In February 2011, the U.S. Department of Commerce updated its Legal Guide to Investing in Iraq. Read more.
Iraqi International Buyer Program Delegations for 2011 Announced
Commerce plans to support several delegations of Iraqi buyers to U.S. trade shows. The linked schedule is subject to change, and please confirm with the listed points of contact that the Iraqi delegates remain confirmed for the relevant shows. You may also reach out to IraqINFO@mail.doc.gov for confirmation. Learn more about the International Buyer Program (IBP). Learn more about the Iraqi IBP delegations.
Corporate Briefing on Iraq Held in New York City
On Wednesday, March 23rd, the New York U.S. Export Assistance Center, in conjunction with JP Morgan, hosted a half-day seminar discussing business opportunities for U.S. companies in Iraq. Learn more.
PRT Wasit Held Catalog and Trade Show in March
The U.S. Embassy’s Provincial Reconstruction Team (PRT) in Wasit, Iraq invited U.S. companies to participate in the Wasit Trade Show from March 22 to 25, 2011. The trade show featured a "Made in USA" catalog expo for firms unable to send local representatives or sponsor a virtual booth. Learn more.
PRT Baghdad Hosts U.S. Catalog Show at Baghdad B2B Expo
From February 22-24, the U.S. Embassy’s Provincial Reconstruction Team (PRT) in Baghdad, Iraq, hosted a booth representing over 80 U.S. companies at the Baghdad Business to Business (B2B) Exposition at the University of Baghdad. The PRT received 152 qualified “Statements of Interest” from Iraqi companies over the three days.
Among the visitors to the PRT-Baghdad booth were several senior Iraqi officials from the Cabinet and Parliament and U.S. Embassy representatives. The organizers reported roughly 5,000 attendees at the Expo, including Chinese, French, Italian, German, Swiss, and UK companies.
Iraq Parliament Postpones Increase in Import Rates and Inspection Requirement
In mid-February, Iraq’s Parliament postponed the implementation of recently passed legislation that would significantly increase tariff rates and institute inspections on some imports. Originally scheduled for implementation on March 6, 2011, Iraqi Minister of Finance Rafi al-Issawi announced the postponement until further notice. The Iraq Reconstruction Tax remains in place on imported goods, but no further tariffs have been implemented at this time.
“Made in USA” Catalog Shows Held in December and January
On January 19th, the Provincial Reconstruction Team (PRT) Basra held its second “Made in America” catalogue fair at the Basra International Business Center. The fair saw 72 U.S.-based companies send catalogues, mostly from the construction and industrial equipment sectors. Firms representing the security, communications, electrical, medical, heavy equipment, laboratory equipment and supplies industries were also present. Some sixty Iraqi business representatives attended the fair, with an impressive amount of connections being made.
Given the success of both fairs, PRT Basra hopes to soon organize and hold an International Business Conference for the Basra region. Learn more about PRT Basra.
On December 15, 2010, the Provincial Reconstruction Team (PRT) Ninewa held a catalogue show for 132 U.S.-based companies. The show was hailed as the first of its kind for Mosul, Iraq. Companies specializing in agriculture, industry, and electrical/mechanical machinery were especially well-represented. The PRT will serve as a liaison between U.S. companies and Iraqi companies to maintain the momentum generated by this show. Learn more about PRT Ninewa.