The Treasurer’s Guide to Trade Finance

Iraq

Trade information

Key trading partners

Not available.

Principal exports

Crude oil, crude material excluding food, fuels

and live animals.

Documentation

Imports

ƒ Bill of lading, certificate of origin, commercial

invoice, customs export declaration, export

licence, inspection report, packing list, pre-

shipment inspection clean report of findings,

technical standard/health certificate and

terminal handling receipts.

Exports

ƒ Bill of lading, certificate of origin, commercial

invoice, customs export declaration, export

licence, inspection report, packing list, pre-

shipment inspection clean report of findings,

technical standard/health certificate and

terminal handling receipts.

Licences

Imports

ƒ All goods may be imported except for

weapons and drugs.

Exports

ƒ Licences for exports are granted by the

Ministry of Trade.

Tariffs/Taxes

Imports

ƒ A flat reconstruction surcharge of 5 percent

is levied on all imports with the exception of

clothes, food, medicines, medical equipment,

books and humanitarian goods. Import

duties are not applied to foreign companies

managing development projects or to

imports from foreign governments, coalition

forces and non-profit organisations.

Exports

ƒ There are no taxes charged on exports from

Iraq.

Financing requirements for imports/

exports

ƒ There are no financing requirements for

imports or exports.

Prohibited items

Imports

ƒ A negative list is in operation. Some

commodity imports are prohibited for safety

and health of fauna and flora, for national

security, and for moral reasons. Imports from

Israel are prohibited.

Exports

ƒ A negative list is in operation. Commodity

exports may be prohibited if domestic

demand exceeds supply. Exports to Israel

are prohibited.