Ministry of Trade - Iraq

Ministry of Trade - Iraq

Mission Statement The purpose of the Ministry of Trade is to facilitate, encourage, enhance and promote commercial life and activity in Iraq by acting as a service and support structure for the domestic and international commercial and trading sector. It will do so by the vigorous pursuit of policies that will develop and maintain a correct framework for a vibrant and productive enterprise sector within the broad guidelines of a market-oriented competitive economy that is open to the world.

Short-term objectives Support and promote the private sector development, support the efforts for easy business-doing and removing and eliminate obstructive regulations blocking trade and investment, eliminate import licensing rules, embark on wide-ranging missions to promote the new trading environment of Iraq, Launch an anti-corruption drive, Launch a consumer welfare and protection unit, Developing a master plan for “Baghdad International Fair Site, To include world class facilities, leasing the Iraq Shopping Centers to private developers

Food Subsidy ProgramGear up the MOT and the concerned SOE’s to assume direct responsibility for the management food distributions, examine and possibly launch trials for the gradual replacement of the in-kind subsidy to a cash grant, Introduce a new list that would favor reputable suppliers and open the tendering process to neglected or boycotted countries and companies

SOE Reform Start the process of reorganizing the SOE’s under MOT control into Enterprises that are driven by market signals and that are oriented Towards profit-making, begin the process of introducing SOE’s of the MOT to private sector Participants in the form of new joint ventures, lease proposals and joint, developments of key projects

InternationalNegotiate and sign important trade MOU’s with neighboring countries, pursue trade liberalization agreements with the GCC countries, continuing process of accession the WTO Launch an application to join the EU-Mediterranean initiative

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