US FAA lifts ban on commercial planes flying into Kurdistan
The United States Federal Aviation Agency (FAA) announced the lift on its ban for commercial planes to fly from the US into Kurdistan. The FAA imposed the ban in 1986 for safety and security reasons. “The FAA has determined that flights by US operators may now be conducted safely into Erbil and Sulaymaniyah Airports under certain conditions,” said in a statement. The new regulation will benefit private jets and cargo services for the Kurdistan region. The FAA said it is evaluating other airports in Iraq to determine if additional lifting of the restrictions might be warranted.
The 3rd Edition Trade Finance Guide is now available!
The most up-to-date information on trade, financing and credit can be found in the new 3rd Edition Trade Finance Guide. This reference provides businesses with the know-how to bring products and services to overseas markets.
The Trade Finance Guide was created to help businesses learn the basics of trade finance so that they can turn their export opportunities into actual sales and achieve the ultimate goal of getting paid—especially on time—for those sales. Concise, two-page chapters offer the basics of numerous financing techniques, from open accounts, to forfaiting, to government assisted foreign-buyer financing.
Download your copy here.
Department of Commerce General Counsel Cameron Kerry Presents Ali Qaragholi with Certificate of Appreciation
Commerce’s General Counsel Cameron Kerry presented Ali Qaragholi, Vice Chairman of the U.S. Iraq Business Dialogue, with a certificate of appreciation in Baghdad, Iraq on June 28, 2012. Ali Qaragholi received this for his tireless and productive efforts to enhance U.S.-Iraqi commercial relations.
The third round of the U.S. Iraq Business Dialogue took place at the AlRasheed Hotel in Baghdad on June 28th, 2012. The Dialogue consists of a U.S. and an Iraqi Section of private sector representatives. The Sections provide advice and counsel to the U.S. Department of Commerce and the Iraqi Ministry of Trade on trade, investment and commercial development issues.
Please find the report and policy recommendations from this meeting here.
New Business Services for U.S. Exporters Available at Embassy Baghdad
In addition to continued counseling and advocacy services, the Commercial Service office in Baghdad now offers a broader portfolio of services for U.S. exporters.
A key new service available is the modified “International Company Profile” service, to help U.S. companies evaluate potential business partners by providing a detailed report on Iraqi companies. Learn more