Food products represent 16% of Iraq's imports and opportunities to increase them from Egypt

Published 2021년 10월 20일

Tridge summary

A symposium was held by the Export Council for Food Industries and the Trade Representation Agency to discuss the potential for food industry exports to Iraq, as revealed in a study by the Egyptian Commercial Office in Bagdad. The study highlighted that the Iraqi market largely relies on imports, with food products accounting for 16% of total imports in 2020. The head of the Egyptian Commercial Office, Maged Sabek, emphasized the opportunity for Egyptian companies to meet these needs, given that only 1% of Iraq's food industry requirements are covered locally. The symposium also underscored the preference for cash transactions in the Iraqi market and the necessity for Egyptian companies to register with the Iraqi General Company for Exhibitions and Trade Services to gain access to the market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Commercial Adviser Maged Sabek, head of the Egyptian Commercial Office in the Iraqi capital, Baghdad, said that the office had prepared a study on the needs of the Iraqi market and analyzed their requirements, in order to introduce Egyptian companies to this market to choose the products that can be exported and the mechanisms for dealing with companies and traders in Iraq.This came during the symposium Organized by the Export Council for Food Industries in cooperation with the Trade Representation Agency under the title “Opportunities for the Development of Food Industries Exports to Iraq.” He added that Iraq is a young country, as 70% of the population of 40 million people is young, which must be taken into account. Especially since this affects the nature of their consumption of food. Previously, he explained that the Iraqi industry in the food sector covers only 1% of the needs of this market, as it does not exceed types of dairy and its products, rice and pasta packaging, and ...

Source: Amwalalghad