Export-Import Bank Support for U.S. Exports to Iraq

News from Ex-Im Bank

Fact Sheet: Export-Import Bank Support for U.S. Exports to Iraq

October 20, 2005
EX-IM BANK FINANCED EXPORTS TO IRAQ PASS MILESTONE AS AGRICULTURAL
COMMODITY SHIPMENTS FROM U.S. COMPANIES STREAM TOWARD IRAQI CONSUMERS
Grain shipments destined for Iraqi consumers are now aboard ships bound for and in ports in the Middle East, representing a milestone in the relationship between U.S. grain exporters, the Export-Import Bank of the U.S. (Ex-Im Bank), the Trade Bank of Iraq (TBI), and J.P. Morgan Chase Bank.

The shipments are part of the $277 million in sales of grain to the Ministry of Trade's Grain Board, the state-run buyer of wheat and rice for Iraq. These commodities are the first agricultural commodities sold to the Iraqi government on 180 day credit terms under Ex-Im Bank's $500 million short-term insurance facility for TBI. These sales were supported by letters of credit issued by the TBI, confirmed by Chase and insured by Ex-Im Bank for the benefit of exporters The Rice Company, ADM Rice Inc., and Cargill International. Read the full release

April 28, 2004
EX-IM BANK ANNOUNCES ITS FIRST TRANSACTION IN POSTWAR IRAQ [Español] [Deutsch] [Italiano]
The Export-Import Bank of the United States (Ex-Im Bank) is pleased to announce that the first transaction has been approved under its short-term insurance program for Iraq. Ex-Im Bank is insuring the $15 million export sale of fogging machines and accessories for insect abatement manufactured by Tifa Ltd. of Millington, N.J., for the Iraqi Ministry of Health, State Company for Marketing Drugs and Medical Appliances. This insurance will support a letter of credit issued by the Trade Bank of Iraq and confirmed by JPMorgan Chase Bank. Read the full release.

December 29, 2003
$250 MILLION EX-IM BANK INSURANCE APPROVED FOR IRAQ TRADE BANK DEALS

December 5, 2003
EX-IM BANK JOINS 15 COUNTRIES TO SUPPORT TRADE BANK OF IRAQ [Français, Deutsch, Italiano, Español]

 

News from Other Federal Agencies

Iraq Investment & Reconstruction Task Force, U.S. Department of Commerce

IraqAlert from the U.S. Department of Commerce - Historic Erbil Citadel Seeks U.S. Archaeological Support (issued June 16, 2008)

Iraq Alert - February 27, 2008 - Key Upcoming Events in the Middle East

MARKET OPPORTUNITIES from the U.S. Department of Commerce

(Archived Information)

Iraq Investment & Reconstruction Task Force, U.S. Department of Commerce (Archived Information)

Iraq Alert - December 10, 2007 -- Iraq's Minister of Electricity Urges U.S. Companies to Bid on Iraq Projects

Iraq Alert - November 8, 2007 -- Iraqi Government Contracting Guide

December 13, 2007 - Iraq's Ministry of Agriculture Announces Four New Tenders

Business-related News from the Coalition Provisional Authority (Archived Information)

May 25, 2004
Italian and American Companies Win Power Generation Contracts

May 12, 2004
No Protests to Ten Major Iraq Reconstruction Projects

May 4, 2004
New Iraq Program Management Office Completed in Baghdad

January 29, 2004
CPA Announces $28.3 million Project to Renovate Tadji Military Base and Armed Forces Recruiting Stations

January 29, 2004
CPA Funds $46.7 Million Project to Renovate Al Kasik Army Base for Iraqi Armed Forces

January 29, 2004
CPA Says Work to Start on $10.3 Million Project to Renovate Umm Qasr Naval Base

Joint News Release for the Trade Bank of Iraq and the Coalition Provisional Authority

In order to provide U.S. exporters with timely information about opportunities for exporting U.S. goods and services to Iraq, the Export-Import Bank of the United States is listing websites that contain a wealth of regulatory, contracting, financing, and other information pertaining to business opportunities in Iraq.

---

Updated: June 17, 2008