Abstract
Since the imposition of sanctions against Iraq pursuant to UN Resolution No. 661/ 1990, all types of trading with Iraq are restricted and are subject to UN procedures and the approval of the Sanction Committee, which was set up by the said Resolution. However, business generated by the large oil revenues of Iraq and the UN Oil for Food Programme is very substantial, and has raised considerable business interests as well as legal questions. In general, foreign companies may use or establish any of the following business entities to trade with Iraq, and would be advised to invest some time and money in order to identify the appropriate market structure suitable for their business with Iraq. With is purpose in mind, I shall attempt to present in this article an outline of the UN Oil for Food Programme first, and shall highlight the main aspects of the following types of business entities which a foreign company may consider using when trading with Iraq:
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
