Iraq - Country Commercial Guide
Trade Agreements
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Iraq signed a Trade and Investment Framework Agreement (TIFA) with the United States in 2005, which came into effect in 2013.  Meetings pursuant to that agreement were held in 2014 and 2019.  Iraq is a member of the Multilateral Investment Guarantee Agency (MIGA) and has observer status in the World Trade Organization (WTO) but is not yet a full member.   In addition, Iraq is currently party to nine separate multiparty agreements within the Arab League, as well as 32 other bilateral agreements worldwide.  Iraq has concluded Free Trade Agreements (FTAs) Algeria, Egypt, Jordan, Oman, Qatar, Syria, Sudan, Tunisia, and UAE.  However, the government suspended these FTAs pending a five-year review of the extent to which these agreements have benefitted Iraq.  A decision regarding the status of these FTAs is currently expected circa December 2021.