AGP Executive Report
Last update: 4 hours agoTrade and Investment: Iraq’s prime minister visited Damascus on Wednesday to deepen economic ties, with Syria promoting its role as a corridor linking Iraq’s Faw Port to Mediterranean markets and reviving plans for oil pipelines. Baghdad and Amman have also signed nine cooperation agreements and are advancing a proposed Iraq-Jordan free-trade zone. Shipping Costs: Maersk plans a $2,000 surcharge per container on qualifying contract cargo to Iraq and four other Gulf destinations, effective Nov. 9 for most origins and Nov. 27 for specified regulated markets. Investment Climate: Iraq’s federal court has voided Baath-era restrictions on foreign ownership, while the government plans to begin expanding the Development Road project in 2027. Regional Business: Kurdistan Region Prime Minister Masrour Barzani told a Turkish business delegation the region is ready to facilitate trade and new investment.
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