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Exporting to Iraq
A guide for British businesses who are interested in developing their overseas trade and doing business in Iraq, including the Iraqi Kurdistan region.
Benefits for UK businesses exporting to Iraq include
- long and established trade links between the UK and Iraq
- growing economy
- middle income country
- British goods and services are considered as iconic by the Iraqis
- immense scale of opportunities
- uncrowded market in many sectors so good scope for early entrants
Strengths of the Iraqi market:
- high sovereign wealth created by increasing oil revenues, with potential to fund a USD 360 billion investment programme
- low inflation
- new government’s political will to strengthen the economy as part of the stabilisation effort