Reviving trade ties with Iraq

India’s leading trade and export promotion organization, Trade Promotion Council of India (TPCI) is taking a business delegation of 30-odd F&B companies to Iraq in an endeavour to revive direct business relationship between India and Iraq that got affected after 2003. The four-day business delegation commencing on November 26th will visit business men and trade bodies from the cities of Baghdad, Karbala, Najaf and Erbil besides meeting the new Minister of Trade of Iraq.

India was the leading supplier of tea to Iraq till 2003 but the trade dropped to virtual zero thereafter. Export of rice and spices to Iraq too is on high agenda. Out of US$451 m worth of rice imported by Iraq in 2014, India’s contribution was the highest with export worth US$139.1m followed by China exporting rice worth US$92.5 million. Significantly South African countries like Argentina and Uruguay too have started exporting significant amount of rice to Iraq, viz. US$47.4m and US$42.7m respectively.

Spread the love

Related posts

Leave a Comment