BAGHDAD, IRAQ – The Embassy of the United States of America in Iraq and the Ministry of Trade of the Republic of Iraq renewed the rice memorandum of understanding (MOU) for an additional three years.
The MOU, that notes the common objective of strengthening commercial ties between the U.S. and Iraq, used to be renewed every six months but now has been extended until 2021. The MOU also specifies a certain amount of money being allocated for U.S. rice purchases.
The MOU has facilitated the sales of 210,000 MT of U.S. rice since its inception in July 2016.