Thursday, April 3, 2025

E-commerce: Platforms, E-stores, and the Iraqi Economy, 4 APRIL

 E-commerce: Platforms, E-stores, and the Iraqi Economy

E-commerce: Platforms, E-stores, and the Iraqi Economy Between Reality and Potential

E-commerce in Iraq is a modern and growing sector that is attracting increasing interest from both individuals and businesses.

Despite facing challenges due to the country's economic and political conditions, Iraq has made notable progress in this field. This growth is driven by improvements in digital infrastructure, the expanding availability of the Internet and smartphones, and a shift in consumer behavior toward online shopping.

However, e-commerce in Iraq still faces significant obstacles, including low trust in electronic payment methods, insufficient regulatory frameworks, and logistical difficulties in shipping and delivery.

Nevertheless, with government support and a rising interest in digital entrepreneurship, the sector is expected to experience sustainable growth, ultimately contributing to the national economy.

Click here to read the full report [English].

Click here to read the full report [Arabic].


DINAR EXCHANGE: Tariffs on trade, but no touch on the lifeblood, 4 APRIL

 DINAR EXCHANGE

“US imposes 39% tariffs on Iraq… but keeps its hands off the oil 🛢️

Interesting how politics makes exceptions when energy’s on the line. 🤔 
Tariffs on trade, but no touch on the lifeblood. #EnergyPolitics
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RV UPDATE: Back screen rate for dinars showed up as approximately $5 this morning at JPMorgan Chase

 


Iraq joins TIR transit system, 3 APRIL

  Iraq joins TIR transit system

The global TIR transit system became fully operational in Iraq on April 1, 2025.

The International Road Union (IRU) said that Iraq is poised to strengthen its position as a key trade hub in the Middle East, making goods transport more efficient and secure across the country’s borders and beyond. The initiative connects southern and northern Iraq, also providing an efficient trade corridor linking Asia, the Gulf Cooperation Council (GCC) region, Türkiye and Europe.

Iraq transport minister H.E. Razzaq Muhaibes Al-Saadawi said: “The operationalisation of the TIR system in the Republic of Iraq, in which IRU played a significant role, marks a significant milestone as it places the country on the brink of a new phase of potential investments and interregional trade with our neighbours and other countries in the region.”

The TIR system is expected to leverage Iraq’s strategic location and to increase the efficiency of cross-border trade, and it is forecast to reduce transport time by 80 percent and costs by 38 percent. “For the last two years, we have been working tirelessly on upgrading the road transport infrastructure in cooperation with all relevant parties. We are therefore committed to maximising the advantages of the TIR system in Iraq to boost the transport sector and the national economy,” said Al-Saadawi.

IRU secretary general Umberto de Pretto, commenting on the launch, said: “For almost eight decades, TIR has been driving secure trade. I look forward to seeing the first TIR truck crossing the territory of Iraq.

“Trucks will seamlessly transit the country and proceed along corridors offering a high level of security, opening a new chapter for the country and its role in international trade.”

The integration of TIR’s Electronic Pre-Declaration (TIR-EPD) system with Iraq’s national URUK platform allows the submission of advance cargo information. Throughout a journey, trucks can be closely monitored using GPS tracking, while regular checkpoints ensure cargo and transport security, before it ultimately reaches its final destination safely and on time.  link

TIDBIT FROM MNT GOAT, 3 APRIL

 Mnt Goat   

...I do not believe for one second, they intend to use the US dollar anymore for trade in the near future, actually they just told us this recently, so we know it's now a FACT.  They told us they will be using their own currency – the digital dinar. 

If this ain’t a WOW! I don’t know what is…lol...But how can they do this without the IQD on FOREX...

CODES ARE BEING ENTERED!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar #iraq

 


ASYCUDA representative to Rudaw: Iraq has completed the automation of 18 border crossings. , 3 APRIL

 ASYCUDA representative to Rudaw: Iraq has completed the automation of 18 border crossings. 

ASYCUDA's representative in Iraq, Nizar Al-Ammari, confirmed that the customs automation system is currently implemented at 18 of the 21 ports, with difficulties in implementing it on the Syrian border despite the port's readiness.

 He noted that two additional ports (one sea and one land) will be operational by the 15th of this month, thus completing the automation of all Iraqi ports.

Al-Amari told Rudaw Media Network on Wednesday (April 2, 2025) that the ASYCUDA system focuses on the three basic customs operations: import, export, and transit, and includes all customs procedures from the moment goods are registered until they leave the customs port. All of these operations have become fully electronic, including payment.

He added that the system has entered its second phase, which includes automating the remaining ports and adding new applications to improve monitoring and maximize trade revenues. The third phase will include the implementation of a single window for foreign trade, which will make all foreign trade operations in Iraq fully automated, eliminating any paper transactions or cash paymen ts.

Al-Amari emphasized that the new system will improve the accuracy of trade statistics in Iraq, helping to develop clear economic and strategic plans, a matter of utmost importance to the international community. He explained that the automation of customs will enhance trade fairness for all traders, as customs laws will be applied uniformly to all.

He pointed out that the system automatically calculates customs duties and regulates import and export permits, reducing the possibility of tampering with customs data. He emphasized that work is also underway to link the Iraqi system with those of neighboring countries, which will enable the identification of incoming goods before they arrive in Iraq, thereby limiting any attempts at manipulation or smuggling. 

He stressed that the United Nations respects the sovereignty of states and regions, and that its role in Iraq is limited to providing technical and economic advice without political interference. He noted that the ASYCUDA system was agreed upon between the Iraqi federal government and the Kurdistan Regional Government.

Regarding the implementation of ASYCUDA in Kurdistan, Al-Amari pointed to three options: first, the Kurdistan Region would continue to use its current system or a different system with the possibility of linking it to ASYCUDA, provided it complies with international standards. Second, the Kurdistan Region would adopt the ASYCUDA system in full in the region through the Iraqi government, but this would be a complex option due to the linguistic and technical differences between the two systems.

The third option is to develop the ASYCUDA system in Kurdistan independently, linking it to the Iraqi system, as is the case in many countries that adopt unified systems with integration between local and international systems, he said. link


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