Eco
Iraq's Ministry of Commerce is adopting a comprehensive strategy to expand its non-oil exports and open new global markets for local products. This initiative specifically targets goods where Iraq holds a clear productive advantage, primarily dates and cement. Mohammad Hannoun, the Ministry's official spokesperson, stated in an interview with the official newspaper that efforts are focused on supporting and developing these exports. Such products include, beyond dates and cement, various agricultural goods, food industries, and manufactured items. Hannoun highlighted the Ministry's active utilization of the Export Support Fund to pave the way and establish new marketing channels and markets for Iraqi products, both domestically and internationally. Hannoun emphasized that Iraq's non-oil exports still require substantial development to align with the overall volume of Iraqi trade. Consequently, the Ministry works diligently to gradually increase their contribution through mechanisms bolstering local products and enhancing competitiveness, alongside opening wider markets. This approach aims for genuine national income diversification and a stronger Iraqi commercial presence in regional and international markets. Addressing import regulation, Hannoun affirmed the Ministry's methodical approach, based on clear criteria to protect local products, regulate market dynamics, and ensure price stability. He clarified that any decision to add new items to import ban lists or impose restrictions undergoes thorough studies and comprehensive coordination with all relevant sectoral authorities, stressing such decisions are never arbitrary. The spokesperson further explained that the Ministry considers local production volume and its capacity to meet domestic market needs, alongside monitoring material availability and prices. It also closely tracks the flow of goods into local markets, coordinating with relevant bodies to address any commercial practices harming national products. Iraq has already implemented protective measures for several local products against unequal competition. Regarding anticipated future import regulation measures before the end of 2026, Hannoun revealed the Ministry's ongoing directives to refine existing mechanisms. He also underscored strengthening the private sector's and local producers' roles. He clarified that any new procedures or decisions will be officially announced after completing all required studies and obtaining necessary official approvals.
