ITC by Country Report

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1 ITC by Country Report Iraq 05/12/2014 ITC by country - Iraq 1

2 Table of Contents 1. Country / Territory Brief 2. People and Economy 2.1 People 2.2 Economy 3. Trade Performance 3.1 General Trade Performance 3.2 Sector Trade Performance 4. Trade Strategy and Policy 4.1 Trade and Development Strategies 4.2 Domestic and Foreign Market Access 4.3 Trade Facilitation 4.4 Business and Regulatory Environment 4.5 Infrastructure 5. ITC and the Country/Territory 5.1 ITC Projects 5.2 Events 5.3 ITC Contacts 6. Trade Information Sources and Contacts 6.1 Trade Information Sources 6.2 Trade Contacts This is a pdf version of the captioned country contents in the intracen web site of the International Trade Centre. This document was generated on For the latest information about ITC's work and the country, please refer to International Trade Centre 2014 ITC encourages the reprinting and translation of its publications to achieve wider dissemination. Short extracts of this document may be freely reproduced, with due acknowledgement of the source. Permission should be requested for more extensive reproduction or translation. A copy of the reprinted or translated material should be sent to ITC. ITC by country - Iraq 2

3 1. Country / Territory Brief Iraq has the world's fourth-largest oil reserves. Despite security improvement in the recent years, the political situation in Iraq remains highly unstable and the economic policymaking is constrained by the weakness of central government control. The government s primary aims are to continue expanding the oil sector and to improve the implementation of projects to upgrade basic services, such as electricity, water and housing. Iraq s manufacturing activity has been closely connected to the oil industry. The major industries in that category have been petroleum refining and the manufacture of chemicals and fertilizers. Since 2003, security problems have blocked efforts to establish new enterprises. The construction industry is an exception; it has benefited from the need to rebuild after Iraq s several wars. Exports are expected to largely track changes in oil production. Production in recent years was disrupted by security concerns, international trade embargos and export infrastructure straining under the capacity of higher oil output. Iraq relies heavily on imports for consumer goods and capital inputs. The main export partners include U.S, India, Italy, South Korea, Taiwan, China, and the Netherlands. Given its oil potential Iraq seeks a larger role in Organization of the Petroleum Exporting Countries (OPEC) and to strengthen its ties with its Arab neighbours. It is a member of the League of Arab States and the Great Arab Free Trade Agreement. In 20013, Iraq ratified a Trade and Investment Framework Agreement (TIFA) and Partnership and Cooperation Agreement with the European Union in ITC by country - Iraq 3

4 2. People and Economy 2.1 People Total population (growth rates per annum) Population density (people per sq. km of land area) 29,429,829 in 2012 with growth rates of 2.6% p.a during in 2012 Female population 49.4% in 2012 Population below 15 years of age 40.5% in 2008 ; 41.6% in 2012 Urban population 66.7% in 2012 Population living below $1.25 a day at purchasing power parity (PPP) Ranking in the Human Development Index (HDI) N.A 131 out of 186 in 2012 Evolution of the Human Development Index (HDI) Source: United Nations Development Programme Human Development Indicators Note: The Human Development Index measures the overall development of a nation and ranges from 0 (low level of development) to 1 (highest level of development). The United Nations Development Programme ( provides a detailed explanation. ITC Regional group refers to ITC definition Health Life expectancy at birth (years) (69); Mortality rate, under-5 (per thousand live births) (34.4) in 2012 Education Education index - expected and mean years of schooling (rank) ( 137 out of 191) in 2012 Income level Inequality N.A N.A Poverty Multidimensional Poverty Index (rank)( 57 out of 191) in 2012 Gender Gender inequality index (rank) (29 out of 191) in 2012 Sustainability N.A ITC by country - Iraq 4

5 2.2 Economy Evolution of GDP (constant 2005 US$) Source: World Bank World Development Indicators (WDI) Note: ITC calculations based on the World Bank WDI Evolution of GDP per capita (constant 2005 US$) Source: World Bank World Development Indicators (WDI) Note: ITC calculations based on the World Bank WDI Aid Dependency (Official Development Assistance/Gross National Income) Source: World Bank World Development Indicators (WDI) Note: ITC calculations based on the World Bank WDI. Regional group refers to ITC definition ITC by country - Iraq 5

6 Remittance ($ millions) (n.a) 71 (n.a) Remittances as a Share of GDP Remittances as a Share of GDP Remittance (% GDP) (n.a) 5.4 (n.a) Source: World Bank World Development Indicators (WDI) Note: ITC calculations based on World Bank WDI, IMF BOP statistics, and "6,976 to be read 6'976" ITC by country - Iraq 6

7 3. Trade Performance 3.1 General Trade Performance Evolution of Trade Ratio to GDP - Goods Evolution of Trade Ratio to GDP - Services ITC by country - Iraq 7

8 3.1.3 Evolution of Total Trade Trade Map ITC by country - Iraq 8

9 3.1.5 Export and Import by Leading Destination - Export Export and Import by Leading Destination - Import ITC by country - Iraq 9

10 3.1.7 Evolution of Exports and Imports by Destination - Export Evolution of Exports and Imports by Destination - Import ITC by country - Iraq10

11 3.1.9 Total Export Growth Source: ITC, calculations based on ITC s Trade Competitiveness Map data. Note:Graph shows decomposition of the country s export growth in value terms by diversification pattern over the indicated period Marginal Export Growth Source: ITC, calculations based on ITC s Trade Competitiveness Map data. Note:Graph shows decomposition of the country s export growth in value by structural driving effects over the indicated period. Values are in US$ thousands. ITC by country - Iraq11

12 Composition of Trade in Services - Export Composition of Trade in Services - Import ITC by country - Iraq12

13 Evolution of FDI ITC by country - Iraq13

14 3.2 Sector Trade Performance Sectoral Diversification in Products - Export Sectoral Diversification in Products - Import ITC by country - Iraq14

15 3.2.3 Sectoral Diversification in Destinations - Export Sectoral Diversification in Destinations - Import Sectoral diversification in origin for Iraq's imports (mirror) Sector Sector's import growth in value (% p.a) Share of top 3 supplying countries in sector s imports Leather products 41.2 % 93.9 % 95.8 % Miscellaneous manufacturing 31.2 % 60.7 % 69.0 % List of the top 3 supplying countries Turkey ; China ; United States of America Turkey ; China ; United States of America China ; Turkey ; Thailand Turkey ; China ; United States of America Clothing 30.9 % 84.9 % 97.9 % Turkey ; Serbia ; China China ; Turkey ; Italy Chemicals 29.2 % 52.4 % 53.6 % Turkey ; Jordan ; Egypt Turkey ; China ; Jordan Electronic components 29.1 % 57.2 % 53.5 % Turkey ; China ; United States of America Turkey ; China ; Republic of Korea Wood products 26.0 % 81.8 % 80.7 % Turkey ; Jordan ; Egypt Turkey ; Jordan ; China Basic manufactures 23.3 % 68.4 % 72.4 % Turkey ; China ; Jordan Turkey ; China ; Ukraine Textiles 22.9 % 94.5 % 93.3 % Turkey ; China ; Jordan Non-electronic machinery 18.9 % 38.5 % 50.2 % United States of America ; Italy ; Republic of Korea Turkey ; China ; Republic of Korea China ; Italy ; United States of America ITC by country - Iraq15

16 3.2.5 Sectors by World Demand - Export Sectors by World Demand - Import ITC by country - Iraq16

17 3.2.7 Trade Performance Index ITC by country - Iraq17

18 4. Trade Strategy and Policy 4.1 Trade and Development Strategies Year Strategy name Sector 2010 National Development Plan The National Development Plan aims at fostering economic growth, creating jobs, diversifying... Wheat, Barley, Rice,Yellow Corn, Potatoes, Onion, Tomatoes, Dates, Livestock, Meat, Petroleum Sector, Gas, Electricity 2010 UNDAF Iraq The United Nations Development Assistance Framework is aligned with the Millennium Development National Development Strategy The overarching goal of the strategy is to transform Iraq into a... Petroleum Sector, Gas, Tourism, Fruits and Vegetables, Cereals ITC by country - Iraq18

19 4.2 Domestic and Foreign Market Access ITC by country - Iraq19

20 4.3 Trade Facilitation Logistics Performance Index (LPI): Country Comparison Source: World Bank, Logistics Performance Index (LPI) Logistics Performance Index Evolution Source: World Bank, Logistics Performance Index (LPI) ITC by country - Iraq20

21 4.4 Business and Regulatory Environment Multilateral Trade Instruments Instrument ratified : Ratification rate : 71 / 266 instruments 26.7% Abstract Weighted score : 34/100 The Trade Treaties Map tool is a web-based system on multilateral trade treaties and instruments designed to assist trade support institutions (TSIs) and policymakers in optimizing their country's legal framework on international trade In World : Ratification Rate Rank 152 / 193 Weighted Score Rank 158 / 193 In Region : Western Asia 9/ 9 9/ 9 In Development level : Developing country 75/ 88 78/ 88 Graph Presents a visual illustration breaking down a country s ratification level according to various categories and compares it to the world average. Instruments ratified Click here for a full list and more details about these multi-lateral trade instruments ITC by country - Iraq21

22 4.5 Infrastructure ITC by country - Iraq22

23 5. ITC and the Country/Territory 5.1 ITC Projects Current projects No Current Projects Found! Recent projects No Recent Projects Found! ITC by country - Iraq23

24 5.2 Events Upcoming events No data Recent events No data ITC by country - Iraq24

25 5.3 ITC Contacts Lilia NAAS HACHEM Acting Chief, Office for Arab States Abdeslam AZUZ Senior Trade Promotion Officer ITC by country - Iraq25

26 6. Trade Information Sources and Contacts 6.1 Trade Information Sources This section provides a list of country specific print and online publications on trade-related topics, including both ITC and external sources ITC publications Selected printed information sources 2011 National Profile of the Information Society in Iraq Selected online information sources AME Info - Middle East Business Information The OPEC Fund for International Development Newnations Arab German Consulting Regional Aquaculture Information System (RAIS) Arab Trade Financing Program (ATFP) ITC by country - Iraq26

27 6.2 Trade Contacts Official Name Address City Phone Number Fax Number Website Baghdad Chamber of Commerce Al-Mustansir Street Baghdad / info@bc ociraq.org w.baghd adchamb er.com/ ITC by country - Iraq27