Welcome to the USBCI’s Iraq Briefing. The information here is designed to provide basic information for executives traveling to Iraq for the first time. USBCI members can receive individual consultation about travel issues as part of their membership benefits by contacting firstname.lastname@example.org.
Iraq is a nation with a long and storied history and a vibrant culture. Though much of the terrain is desert, there are also forests among the mountains of the north and fertile plains along the Tigris and Euphrates Rivers. Iraq is at the heart of the Middle East, bordering Turkey, Iran, Kuwait, Saudi Arabia, Jordan, and Syria.
As Dubai is known for investment today, so was Baghdad known in the 1960s and 70s. At the time a middle-income country, the importance Iraqis give to education made the country well-respected for its engineers and doctors. Years of war, sanctions, and insurgency have taken their toll on the Iraqi economy, but as the country rebuilds itself, it has the opportunity to regain its prominence. While still not an easy place for companies to operate, the opportunities and potential rewards of Iraq can outweigh the not insignificant risks.
For products and services, the American business ‘brand’ is still well-regarded and sought after in Iraq. The National Investment Commission has emphasized the need for increased private sector investment in Iraq, and the IMF has projected Real GDP growth of over 12% in 2012. The time to invest is now, and companies that are patient and mindful of the security situation can benefit both themselves and the people of Iraq.
Getting Into Iraq
Getting Around in Iraq