Iraq » Business
Statistics
• Main imports: Food, medicine and manufactured goods.
• Main exports: Crude oil, crude materials (excluding fuel), food, and live animals.
• Main trade partners: USA, Turkey, Syria, Italy and Spain.
Economy
Although a comparatively small amount of capital was damaged during the hostilities, looting, insurgent attacks, and sabotage have undermined efforts to rebuild the economy. These have also prevented Iraq from reaching projected export volumes, but total government revenues have been higher than anticipated due to inflated oil prices.
In 2005, unemployment stood at 27%. Iraq's economic prospects will depend on the government's ability to control inflation, to implement structural reforms, and to develop the private sector.
Business Etiquette
Office hours: Sat-Thurs 0800-1400. Friday is the weekly day of rest when offices tend to be closed. During the month of Ramadan, hours are reduced.
Business Contacts
Federation of Iraqi Chambers of Commerce and Industry
PO Box 11348, Mustansir Street, Baghdad, Iraq
Tel: (1) 888 8850.
Baghdad Chamber of Commerce
PO Box 24168, Almsarif, Al-mustansir Street, Baghdad, Iraq
Tel: (1) 887 6211/2.
Disclaimer:
Content in the country guide is updated every 3 months and is to the best of our knowledge accurate and up-to-date. The information contained is intended as a general guide - any opinions or travel advise expressed are not necessarily those of AME Info FZ LLC.
The information is provided in association with Columbus Travel Publishing Limited and my not be republished or reproduced in anyway without the prior written consent by the publisher.
All information made available from within this product is provided without warranty of any kind, either express or implied, including but not limited to, any warranties as to merchantability, non-infringement or fitness for a particular purpose. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from this information.
AME Info FZ LLC or Columbus Travel Publishing Limited shall not be liable for any technical, editorial or typographical or other errors or omissions within the information accessible through this product.
Whilst changes are periodically made to the information herein AMEinfo.com FZ LLC or Columbus Publishing Limited does not warrant that information currently accessible is either up-to-date or accurate.
All product names mentioned herein are subject to the trademarks and/or trademark rights of their respective owners.
3D Animated Flags used in this section is courtesy of www.3DFlags.com
Please contact us if you have any questions or corrections to the content in this section.
Information in this section was last updated: Wed May 23 2012
