The main obstacle for MEFTA is the involvement of Israel. There are other complications in securing agreements between the United States and countries such as Iran and Syria. There could still be complications in the rapprochement of trade with Lebanon and the Palestinian Authority, with Israeli autonomy constantly controlling the occupied territories and militant groups such as Hamas and Hezbollah. In April 2013, Jordan and Iraq signed an agreement to build a 1,700-kilometre-long pipeline project, at a cost of $18 billion and a capacity of one million barrels per day. An interactive list of bilateral and multilateral free trade instruments can be find on the TREND Analytics website.  “The agreement on the implementation of the Basra Aqaba pipeline has also been signed and is under review by the Iraqi cabinet. We are optimistic that implementation will begin soon,” muasher said. Exports are expected to largely track changes in oil production. In recent years, production has been disrupted by security problems, international trade embargoes and export infrastructure that have been penalized below oil production capacity. Iraq is heavily dependent on imports of consumer goods and large capital. The main export partners are the United States, India, Italy, South Korea, Taiwan, China and the Netherlands.
The text of the EU-Iraq Partnership and Cooperation Agreement was signed on 11 May 2012. Its trade provisions came into provisional force on 1 August 2012, pending the completion of the ratification procedures for the entire agreement. The merchant vessels of one of the two parties and their cargoes are in no way less favourable than the treatment of ships from another kingdom, with the exception of concessions made to vessels operating in the coastal traffic of one of the contracting parties, with regard to the free movement of goods to foreign trade ports, the use of ports and port facilities. , loading and unloading charges, taxes and other facilities. , are not available to the other party under this article. Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area. A notable exception to this rule is the production of food. While most foodstuffs are not convenient for importing from the United States, where they are relatively cheap, the removal of trade barriers between Arab states can lead to lower prices for regionally grown foodstuffs and protests among farmers. [Citation required] EFTA  has bilateral agreements with the following countries – including dependent territories – and blocs: the United States currently has several bilateral free trade agreements with nations in the region. Austrade strongly recommends confirming them before the sale in Iraq. Encourage exchanges between the two countries in all possible ways, including the points mentioned in the “A” and “B” lists that are attached to this agreement.
The information contained in this section does not constitute legal advice and does not replace or should replace specific legal advice with qualified legal advisors. Austrade does not guarantee the accuracy of the information and invites those who want to do business in Iraq to consult qualified legal advisers. At a joint press conference with Iraqi Finance Minister Fuad Hussein in Baghdad, Muasher added: “We have signed and launched a free trade agreement that makes recommendations for the mutual maintenance of the competitiveness of local products in order to serve the economic interests of both countries.” Iraq is relatively open to foreign trade, which accounts for nearly 80% of the country`s GDP (World Bank, 2018). The Iraqi government`s new trade policy aims to integrate the country`s economy into regional and international markets, so that the country has very few barriers to trade. Crude oil accounts for 90% of Iraq`s exports