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Brief information on Iraq
| Short-term | A restrictive approach is adopted to cover of subcontracted foreign supplies. Wholeturnover cover is available subject to the same conditions that apply to single transaction cover. The maximum amounts are limited to EUR 150,000. Cover will be automatically suspended for future deliveries if payment is not received eight weeks after the agreed due date at the latest. |
|---|---|
| Medium/long-term | Cover facilities are available on a case-by-case basis. A restrictive approach is adopted to cover of subcontracted foreign supplies. |
| Collateral | As a rule, a guarantee from the Ministry of Finance has to be provided. For short-term transactions letters of credit from Iraqi banks may be accepted on a case-by-case basis. |
| Country risk category | 7 |
No responsibility is taken for the correctness of the information provided
More detailed information on the cover policy can be found in all
articles of the AGA-Report
on Iraq (German version only) and country information
on commercial practices, business climate, market analyses, law,
import procedures, customs duties can be found on the 
website
of Germany Trade & Invest (gtai).
The senior country advisers for Iraq will be pleased to answer your questions
- on single transaction cover: Ms Julia Schultz-Berndt, phone: +49 (0) 40 / 88 34 - 93 05
- on revolving and wholeturnover cover: Mr Holger Ehrich, phone: +49 (0) 40 / 88 34 - 90 26
- on economic analyses: Mr Martin Schmerbach, phone: +49 (0) 40 / 88 34 - 90 80