The Eastern Company is one of the largest Iraqi companies in the field of commercial agencies. We represent or have a cooperation agreement with more than 50 well-known international companies.
We were established and licensed from the Iraqi Ministry of Trade in 1989 (license #148/89 dated: 4/10/1989) in accordance with current Iraqi laws concerning companies and commercial agencies (companies law no. 11 of 1983) and (Agency law no. 51 of 2000).
Our company’s specialty is to officially represent foreign companies' interest in Iraq.
Our work is devoted to
promote these companies products and provide necessary services when needed, which includes following up
and implementing all concerns of the represented companies inside Iraq. Our services start with the
introduction of the company products inside Iraq all the way through finalizing their supply contract
and receipt of its goods by the end user.
The economy began to recover soon after the end of the Iraq-Kuwait conflict and especially after signing the Memorandum of Understanding also known as (MOU) between the UN and the Government of Iraq in 1996. The Iraqi economy is considered one of the strongest in the Middle East as Iraq still has one of the largest Oil reservoirs in the world. Our company basically works under the Oil for Food program, also known as, Memorandum of Understanding (MOU)
The MOU allows Iraq to sell its oil in the international market and purchase food and medicine. The MOU has a 6 months term and is up for renewal by the UN Security Council at the end of each term. A special committee supervises all contracts to determine the exact needs of the Iraqi people. Also, all the commercial activities increased when UN authorities accepted to include with this program other categories such as Electricity, Water & Sewerage, Transportation, Communications and other.
The Eastern Company Entrance
The Eastern Company role was and still is to search for well-known International manufactures and suppliers
and interest them in either exploring the Iraqi market as a potential target for their product or resume
their activities if the suppliers already had worked in the Iraqi market before 1991.
Our company has already succeeded in signing contracts between several Iraqi customers and the International companies that we represent. These contracts had exceeded a total amount of thirty five million USD in the past five years only and all UN approved contracts have been implemented successfully with full client's satisfaction.
All this success was possible because of the mutual efforts of the companies that we represent and the successful planning of The Eastern Company top management. Our goal is to protect the interest of the companies that we represent in Iraq by ensuring only the high quality products and also to protect the end users and gaining their confidence. Please read more about what services we offer.
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