Space Industry and Business News  
IRAQ WARS
As Iraq lockdown chokes off imports, local businesses thrive
By Dawood Salman
Basra, Iraq (AFP) May 28, 2020

In Iraq, a national lockdown to halt the coronavirus pandemic has found some unexpected fans: local businesses who no longer have to compete with Turkish, Iranian or Chinese imports.

Those countries, as well as Saudi Arabia, Jordan and Kuwait, typically flood Iraqi markets with inexpensive products at prices local producers can't compete with.

That includes everything from cars and computers to frozen chicken and even Iraq's national fruit, dates, which in recent years were more often imported from the Gulf than plucked from local palm trees.

Local producers were left in the dust, struggling to compete given their expensive raw materials and low outputs compared to the enormous quantities being imported.

Not anymore, said Amin Qassem, who has operated an ice cream factory in the oil-rich province of Basra since 2006.

"The coronavirus crisis has allowed us to prove ourselves on the Iraqi market," he said, relishing the sweet moment.

Qassem's 3,000 employees across six factories pack 144,000 ice cream cones and wafer sandwiches every hour.

"When there was cheap ice cream coming in from Iran, I had to lower my prices to sell so that my ice cream wouldn't be stuck melting in storage," said Qassem.

"Now, I can sell at higher prices. We were able to win back the same markets where imports once crushed us."

- Out with the imports -

Experts have long warned that oil-rich Iraq must diversify its economy to insulate it from the swings of the energy market.

As OPEC's second-biggest oil producer, it relies on oil exports to fund more than 90 percent of its state expenses.

This year, with oil prices crashing to around a third of their 2019 prices, Iraq will struggle to keep its government running, pay salaries or import essential goods.

The International Monetary Fund projected Iraq's imports of goods and services would drop from $92 billion in 2019 to $84 billion this year and to $81 billion in 2021.

Diversification has been a tall order for a country with a fledgling private sector, under-developed banking system and a weak customs regime that makes it cheaper to import than to produce.

But with coronavirus restrictions, all that could change.

As part of Iraq's lockdown measures put in place in March, it has officially closed its federal border posts with Iran, Turkey and Kuwait to both people and goods.

Imports through Um Qasr, the southern port through which Iraq brings in crucial food and medicine, have dropped.

As a result, Iraq is importing less according to data from its trade partners.

It bought $973 million worth of Chinese goods in December but that dropped to $775 million by April, according to the Chinese General Administration of Customs.

Imports from Iran also fell from $450 million per month before the coronavirus pandemic to $300 million currently, according to Hameed Husseini, a member of the Iran-Iraq Chamber of Commerce.

Iraq is also taxing imports more stringently.

Its Customs Office attributed "the notable rise" in customs revenues -- from $2.5 million in the first half of April to $7.3 million in the first half of this month -- to "tougher monitoring measures".

Higher duties force Iraqi retailers to bump up the prices of imported goods, so local businesses can better compete in the markets.

- Fishermen catch a break -

Hadi Abbud, who owns a plastics factory in Basra, has already seen an exponential surge in orders for plastic tubing, usually brought in from China.

His factory has been working 24/7 to mould, cut and polish thick plastic cylinders proudly stamped "Made in Iraq."

"These days, I'm getting new orders for plastic tubes faster than I can even produce them," said Abbud, his white hair meticulously combed back.

Sales are so good he is planning to recruit another 50 workers for his 100-man factory.

"The situation has really changed," Abbud said, his smile barely concealed by the face mask he wore as part of mandated social distancing in his factory.

Even at sea, the difference is notable.

Basra's beleaguered fishermen have long competed with Iranian and Kuwaiti rivals in the wedge of Gulf coastline that is Iraq's only access to the sea.

"Starting around a month ago, there have been many more fish," said Mohammed Fadel, who sells his daily catch at a stand in Basra's downtown market.

"The Kuwaiti and Iranian fishermen aren't coming out anymore," he told AFP, leaving the Gulf almost exclusively to gleeful Iraqi fishers.

In Basra's markets, tables are now heaving with rows of silvery fish and buckets of prawns, carefully examined by shoppers in gloves and masks.

The catches are so plentiful that a kilogramme of "zubeidy," a local sea bream, has dropped from $16 to $9.

"The number of fish -- and the prices -- are just extraordinary," said Fadel.


Related Links
Iraq: The first technology war of the 21st century


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


IRAQ WARS
Protests, pandemic rob Iraqi students of graduation dreams
Baghdad (AFP) May 24, 2020
It was supposed to be Basma's big year: a degree, language certification and maybe a master's abroad. But local protests and a global pandemic threw the Iraqi student's plans off-course. "I've been dreaming of graduation since my first day at university. I even bought a coral pink graduation dress - and I never wear dresses," said Basma, who studies at Baghdad's Mustansariyah University. "Now I don't know when I can wear it." Nearly 150,000 Iraqis may not graduate as planned this spring, ac ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

IRAQ WARS
Solving the space junk problem

New Army 3-D printing study shows promise for predictive maintenance

UK commits new funding to combat space debris

Designing a flexible material to protect buildings, military personnel

IRAQ WARS
Roccor creates Helical L-Band Antenna for first-ever space demonstration of Link 16 Networks

NIST researchers boost microwave signal stability a hundredfold

IBCS Goes Agile

Northrop Grumman to rapidly develop net-centric gateway

IRAQ WARS
IRAQ WARS
Out-of-the-box spoofing mitigation with Galileo's OS-NMA service

Harnessing space to save lives at sea

Galileo in high latitudes and harsh environments

New BeiDou satellite starts operation in network

IRAQ WARS
Russia begins building first stealth bomber

Senators call for investigation of KC-46 problems

Boeing receives $27.7 million for Poseidon upgrades

Hong Kong airport to resume limited transit services

IRAQ WARS
Xilinx 'lifts off' with launch of industry's first 20nm space-grade FPGA for space applications

'One-way' electronic devices enter the mainstream

Huawei says 'survival' at stake after US chip restrictions

Scientists break the link between a quantum material's spin and orbital states

IRAQ WARS
Common CFC replacements break down into persistent pollutants

Tiny NASA satellite captures first image of clouds and aerosols

New, rapid mechanism for atmospheric particle formation

Space video streaming company Sen awards Momentus orbital deployment contract

IRAQ WARS
Up to 90 percent fewer condensation trails due to reduced air traffic over Europe

Research aircraft investigate reduced concentrations of pollutants in the air

In China, quarantine improves air and prevents thousands of premature deaths

Gloves and masks litter Middle East amid virus panic









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.