KRG opens trade license office at Iran crossing to boost commerce

The move comes at a particularly sensitive juncture, as economic activity and trade have witnessed a significant decline across Iraq and the Kurdistan Region, owing to the US-Iran conflict.

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Iran says US sanctions assert ‘extraterritorial sovereignty’

“Secondary sanctions find no foundation in international law,” Baghaei said, arguing that Washington cannot compel other countries to cut trade with Iran.

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US-Iran war slashed Kurdistan Region trade by 70%: PM Barzani

Barzani said in an interview with Al Jazeera aired late Sunday that the Region’s trade volume with neighboring countries had “declined significantly,” while economic activity had slowed due to the ongoing regional conflict.

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Turkey aims to boost trade volume with Iraq to $30 billion: Ambassador

“Iraq is one of the leading trade partners in the region, with Turkey’s total exports exceeding $12.3 billion in 2025, and we aim to increase trade volume between the two countries to at least $30 billion in the coming period,” Turkish Ambassador to Iraq Anil Bora Inan told the Iraqi state-owned al-Sabah newspaper. 

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Iraq-Korea trade exceeds $10b in 2025: Ambassador

Since 1977, Korean companies have completed about 225 projects in Iraq worth a total of $46 billion, said South Korean Ambassador to Iraq Lee Joon-il.

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PM Barzani highlights significance of American investment in Kurdistan Region

More than 3,500 foreign companies are operating in the Kurdistan Region.

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Iraq needs 16 million job opportunities in next decade: Ministry

According to Iraq’s latest census, conducted in November 2024, a staggering 36 percent of the population is under the age of 14, a reality Nadhir described as “a major economic challenge during the next decade to secure job opportunities and achieve living stability for this large segment.” 

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Iraq importing Indomie noodles worth $17 million in 2023 ‘surprised’ US officials: Expert

"Iraq imported from all border crossings except the Kurdistan Region about 64,185 tonnes of Indomie worth $17.7 million, equivalent to 23.6 billion dinars, during the year 2023,” said economic expert Nabil al-Marsoumi

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Turkish exports to Iraq increase 17.2% in first half of 2024

Turkish exports to Iraq pass $5 billion in first half of 2024. 

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