AGP Executive Report
Last update: 10 hours agoIraq–Jordan Trade: The neighbors signed nine agreements on SMEs, education, consumer protection and other areas, and discussed a proposed free-trade zone and joint energy and transport projects. Bilateral trade rose 14% in the first eight months to $1.13 billion. Baghdad also pitched investment incentives and industrial cities along the Development Road, with Al Faw Grand Port’s full commercial opening planned. Investment and Industry: A new Iraq–US Business Council aims to attract American investment, support industrial localization and technology transfer, and build joint ventures across manufacturing, agriculture and infrastructure. A separate MoU targets vehicle assembly in the Kurdistan Region. Oil and Exports: Iraq is pressing ahead with plans to buy 10 supertankers for about $2 billion as it seeks to strengthen exports. Shipments averaged 1.9 million barrels a day in the first nine months, though the oil minister says October exports have rebounded above 3.4 million barrels a day via several routes. Trade Diversification: Iraq and the International Trade Centre discussed WTO accession, boosting exports and developing agricultural value chains. Zakho’s pomegranate and honey festival is also seeking new markets for local producers.
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