BOLSTERING INTERNATIONAL TRADE TIES in iraq

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al Mashraq Street, Villa #2, Hadiab, ankawa. Erbil, Iraq. Tel: +964 66 2567634. Fax: +44 20 71066688. Email: info@ifpira
13th Edition International Mult-Sector Trade Fair

iraq

Bolstering International Trade Ties in Iraq

15 - 18 October 2017 Erbil International Fair Ground Kurdistan Region, Iraq

eif-expo.com

A positive outlook for trade in Iraq Based on data formulated by the Central Statistical Organization of Iraq, trade dealings for 2015 have registered a noticeable increase from previous years. The value of total net trade balance amounted to USD 7.8 billion for that year. The value of total imports for commodity and oil products was USD 41.6 billion in 2015, registering a 12.4% increase from the previous year and a compound growth rate of 11.7% from 2013. The data also indicates that the highest value of imports (USD 8.5 billion), equivalent to 21.7% of the total imports of non-oil merchandise, originated from Turkey, followed by China (USD 6.5 billion) and South Korea (USD 4.6 billion).

THE PROPORTION OF IMPORTS (NON OIL) FOR FIVE MAJOR TRADE PARTNERS FOR THE YEAR 2015 (%) CHINA 16.4 turkey 21.7

other partners 37.3

SOUTH KOREA 11.7 usa 7.4 IRAN 5.5

Source: Trade Statistics - Central Statistical Organization, Iraq

Erbil International Fair: Cementing foreign trade relations in the region Now in its 13th edition, Erbil International Fair, The International Multi-Sector Trade Fair, has established itself as a leading trade exhibition in the region, with eyes set forward on facilitating trade and investment across all sectors in Kurdistan in specific and the Iraqi market at large. Organized annually by IFP Iraq, the exhibition attracts local and international enterprises to explore business opportunities in Iraq’s diverse markets, and stimulate bilateral trade relations with the region’s neighboring countries and the world. The four-day event, held from 15 to 18 October 2017 at the Erbil International Fair Ground, in the heart of Iraq’s business hub, will bridge the gap between investors, suppliers, manufacturers, distributors and dealers, buyers, and importers to conduct lucrative business and reinforce the local market. Erbil International Fair is the ideal large-scale platform for exhibitors and visitors alike to explore investment opportunities in the region’s attractive market, build international relations and discover a broad spectrum of products, solutions, and services.

Kurdistan commercial activity: Building momentum After experiencing a period of economic deadlock imposed by the unsettling situation in Iraq and the Middle East, the Kurdistan region is regaining its former status of being the bustling business hub of Iraq.

USD

46.9 Billion

Kurdistan’s total investment in 2016 (Duhok, Erbil and Sulaimaniya)

Owing to its liberal business environment that favors local and international private investment, a population of nearly 5.5 million accounting to a large consumer market, and a marked insufficiency to satisfy local demand, the Kurdistan Region (KRG) harbors the right elements to attract foreign investments and build strong trade relations. As a matter of fact, the trade sector is one of the key drivers of economic growth in the KRG and Iraq at large. According to the Kurdistan Board of Investment, imports account for 85% of the estimated USD 5.0 - 5.5 billion of annual external trade in the Kurdistan Region, with Turkey being the largest trade partner, dominating multiple sectors including construction. The KRG struck a 50-year energy deal with the latter that also covers gas exports to Turkey as of 2017, based on previous plans.

The Kurdistan Region’s Investment Law The investment law covers all economic sectors except oil and gas: • Public benefits awarded to eligible investment

projects include: * Provision of land plots for subsidized lease. * Provision of public infrastructure to the project fence. * Exemption from corporate taxes (10 years) and customs duties (5 years).

A survey conducted by the Ministry of Trade and Industry revealed that 94% of the KRG’s business transactions involve 15 countries, and categorized imports into 21 clusters led by electronics, iron products, followed by food products including groceries and poultry.

• Foreign and national investors are treated equally. • Foreign investors may choose to invest in Kurdistan with

or without local partners and may employ foreign labor. • Full repatriation of profits is allowed.

NUMBER OF LICENSED PROJECTS BY SECTOR (2006 - 2016) 82

DUHOK

70

31

2 Tourism

Industry

Housing

37

19

12 11 Sports

2 4

3

Service

6 10 Health

8 8 Education

3

Communication

3 2 Banks

Art

Agriculture

4

47

38

30 17

57

57

Transportation

50

59

Trading

SULAIMANIYA

4

Source: Studies and Information Department, Directorate of Information, Kurdistan Region

82

ERBIL

9

KURDISTAN

SUPPORTING BODIES France

Iran

• Business France

• Trade Promotion

• Service Économique de

France à Erbil

Germany • German Federal Ministry of

Economics & Technology In Cooperation with: • Association of the German

Trade Fair Industry (AUMA) • VDMA - German

Engineering Federation

Organization of the Ministry of Industry, Mines & Commerce of the Islamic Republic of Iran

Turkey • Republic of Turkey

- Ministry of Economy

Erbil International Fair 2016 Highlights 100

6,456

18

5,100

Visitors

Exhibitors

• NUMOV German

Near & Middle East Association

“We have been able to establish good relations with more than 45 regional business chambers and business unions like Turkey, Iran, UAE, Lebanon, Jordan, Egypt, Tunisia, and many other Arab countries.” President of the Erbil Chamber of Commerce and Industry, Dara Jalil Khayat

Participating Countries

Exhibition Space (SQM)

participating countries Austria

Jordan

Egypt

Kuwait

France

Palestine

Germany

Poland

Greece

Slovakia

Hungary

Turkey

India

UAE

Iran

USA

Iraq

why exhibit • Position your company as a leading player in your industry • Present your products and services to thousands of targeted

visitors • Sign trade and distribution agreements on the spot, thus

cutting time and resources • Meet new prospective buyers, suppliers, and distributors • Capitalize on substantial investment opportunities in Kurdistan

and the region • Network with high-ranking officials and representatives and

foster valuable partnerships • Generate sales leads and expand your business contacts

across the region

Exhibits Profiles • Academic Programs

• Interior Finishing

• Automotive & Spare Parts

• IT & Communication

• Artisanal Crafts

• Kitchen & Bathroom Fixtures

• Banking & Insurance

• Leisure & Sports Equipment

• Beauty Products

• Products & Solutions

• Educational Management

• Professional Services

• Electronics

• Real Estate

• Fashion & Jewelry

• Security Systems

• Furniture & Textiles

• Stationary

• Home Appliances

• Tools

• Home Decoration

• Tour Operators

• Hospitality Suppliers

• Toys & Gifts

• Houseware

• Travel & Tourism Services

• HVAC Systems

VISITORS Profiles • Consultants

• Local & International

• Contractors

Public Figures • Manufacturers • Project Owners • Public Consumers • Suppliers • Trade Buyers

• Diplomats & High-Ranking

Government Officials • Engineers • Entrepreneurs • High-Profile Investors • IT Professionals

“Despite the multiple challenges facing Kurdistan, the KRG has been able to maintain stability and security. Kurdistan Region remains safe and secure and is open for business.” KRG Foreign Minister, Falah Mustafa

The Organizer IFP Iraq is a member of IFP Group, the Middle East’s most accomplished event organizer with a rich experience of over 34 years and more than 500 international exhibitions with worldwide recognition. IFP Group organizes the region’s top trade fairs, designed to be ideal platforms for foreign and local companies doing business in Iraq and seeking exposure among top regional buyers and decision makers.

The Venue Erbil International Fair Ground is Iraq’s most equipped exhibition venue, offering state-of-the-art facilities and services, including: • 24,000 SQM of exhibition space (19,000 SQM of air-conditioned halls

and 5,000 SQM of outdoor exhibition space) • Business center services, internet access, and ample parking space • Stand contracting services, furniture rental, and stand extras

Travel & Accommodation Erbil International Airport (EBL) has direct flights to and from Europe and the Middle East. A wide selection of hotels is available to exhibitors. Please contact the organizers for further details.

Book your space and build your international network To enquire about exhibiting and sponsoring: Local Sales Mr. Rayan Bahnan Tel: +964 66 256 7634 Mob: +964 750 467 8012 Email: [email protected] International Sales Ms. Leyla Tay Tel: +961 5 959 111 Fax: +961 5 955 361 Email: [email protected]

Other shows in Erbil: Project Iraq

IFP I International Fairs & Promotions Al Mashraq Street, Villa #2, Hadiab, Ankawa Erbil, Iraq Tel: +964 66 2567634 Fax: +44 20 71066688 Email: [email protected] ifpiraq.com