Australia-Iraq Economic Relationship
Two-way goods and services trade between Australia and Iraq was valued at $601.7 million in 2022-23.
Australia has exported wheat to Iraq for over 50 years. Wheat was the largest Australian export to Iraq in 2022-23, valued at $484.8 million. A further $10.7 million in meat products were exported to Iraq in 2022-23.
As Iraq seeks to diversify its economy, there is strong potential for growing the trade relationship, especially in grains and other food products, pharmaceuticals, education, and agricultural technology. Australia supports Iraq’s efforts to accede to the World Trade Organisation.
More detailed data concerning Australia’s bilateral trade with Iraq can be found in the Iraq country fact sheet.
Austrade
The Australian Trade and Investment Commission is the Australian Government's trade and investment development agency.
Through a network of offices in over 50 countries, Austrade assists Australian companies to grow their international business, attracts productive foreign direct investment into Australia and promotes Australia’s’ education sector internationally.
Austrade’s office in Dubai, led by Deputy Consul-General and Trade and Investment Commissioner Mounir Sankary, is responsible for Iraq.
OECD Guidelines for Multinational Enterprises
The Australian Government encourages Australian enterprises operating overseas and multinational enterprises operating in Australia to observe the OECD Guidelines for Multinational Enterprises. The Guidelines provide voluntary principles and standards for responsible business conduct in a variety of areas, including:
· human rights;
· employment and industrial relations;
· environment;
· combating bribery, bribe solicitation and extortion;
· consumer interests;
· science and technology;
· competition; and
· taxation.
The Australian National Contact Point (AusNCP) promotes the use of the OECD Guidelines and contributes to the resolution of issues relating to their implementation, including facilitating access to conciliation services.
BICON : Import conditions search
BICON contains the Australian import conditions for more than 18,000 foreign plant, animal, mineral and human product