Iraq is endowed with substantial gas resources and has the world’s fourth largest oil reserves. Iraq’s economy is expected to post a modest recovery in 2018 and pick-up in earnest in the coming years with improved security and upcoming reconstruction and investment projects. Apart from the oil market, Iraq is moving towards economic diversification in various areas such as retail, education, technology, housing, food processing, tourism and financial services, among others and as such the environment for trade and investment in Iraq is extremely positive.

* Source: Word Trade Organization