Doing Business in Iraq:
2009 Country Commercial Guide for U.S. Companies
INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S.
DEPARTMENT OF STATE, 2008. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED
Iraq is a market with strong long-term economic potential. Recent security gains have
allowed the Government of Iraq (GOI) to shift its focus towards economic development.
Continued efforts are necessary to produce a business climate that is more conducive
for foreign firms. However, there is no doubt that the Iraqi market offers considerable
opportunities for U.S. companies.
• Chapter 1: Doing Business In Iraq
• Chapter 2: Political and Economic Environment
• Chapter 3: Selling U.S. Products and Services
• Chapter 4: Leading Sectors for U.S. Export and Investment
• Chapter 5: Investment Climate
• Chapter 6: Guide to Our Services
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Chapter 1: Doing Business in Iraq
• Market Overview
• Market Challenges
• Market Opportunities
• Market Entry Strategy
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Security remains a serious concern for both domestic and international businesses.
Corruption and the shortcomings of both regulatory structures and legal protections will
continue to be challenges. However, the sharp declines in sectarian violence and acts
of terrorism throughout Iraq in 2008 were marked by an increased interest in business
opportunities. This spike of interest is a signal for seasoned exporters and investors that
now is the time to pursue the significant business opportunities in Iraq in almost every
In 2008, the U.S. Department of Commerce brought its first U.S. Business Trade Mission
to Iraq in over twenty-five years. The GOI finalized two significant, multi-billion dollar
contracts with U.S. companies in 2008. Boeing signed a $6 billion contract with Iraqi
Airways, and General Electric signed a $3 billion deal with the Iraqi Ministry of Electricity.
Also the U.S. Commercial Service Iraq (CS Iraq) recruited eleven Iraqi business