How Do Wars And International Trade Affect The Iraqi Economy? An Expert Explains
Time: 2025/12/21 Reading: 60 times {Economic: Al-Furat News} Economic expert, Rashid Al-Saadi, confirmed that wars and global trade have a significant negative impact on the Iraqi economy.
Al-Saadi explained to Al-Furat News Agency that: “The economic war between America and China leads to customs duties and restrictions on Chinese goods, and that Iraq has trade with China estimated at about $57 billion annually, and that any negative factors on the Chinese economy also affect Iraq.”
He added that "the strained relations between Venezuela and America also have an impact on the Iraqi economy," noting that all geopolitical factors affect Iraq due to the fragility of its economy and its dependence on external economic relations without alternatives or added value for goods.
Al-Saadi also pointed to "what happened in the Russian-Ukrainian crisis," explaining that "the two countries are considered the breadbasket of Iraq, which reflects the impact of global conflicts on the stability of the Iraqi economy." LINK