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Total trade between the UK and Iraq was £720m for the four quarters ending Q3 2019. This represents a 45% increase (£246m) over the previous year.
Our efforts to increase trade with Iraq are on-going. Recent initiatives include Her Majesty’s Trade Commissioner’s participation at the Iraq Britain Business Council Conference, a trade visit to the Kurdistan Region of Iraq by the Department for International Trade’s Iraq Director, our Consul-General in Erbil briefing locally based British businesses and the doubling of UK Export Finance’s market cover from £1bn to £2bn in April 2019.