Lugal Iraq

Who Are We?

This is introduction about the company, where, when and what. business sectors, specializations. etc This is introduction about the company, where, when and what. business sectors, specializations. etc

Our Vision

To be the leading catalyst for a dynamic economic partnership between Iraq and France, fostering mutual growth, innovation, and sustainable development through robust business collaboration.

Our Mission

To strengthen French-Iraqi business ties by providing essential resources, fostering networking opportunities, promoting bilateral trade and investment, and advocating for mutual prosperity.

Establishment and History

The council was established based on the Strategic Partnership Agreement signed between Iraq and France in January 2023. The official announcement of the council’s formation took place in Paris on May 29, 2024, during the first joint meeting between Iraqi and French representatives. The council’s Letter of Intent were also signed during this meeting.

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we bring together representatives from the Iraqi private sector and their French counterparts, including major French companies under the umbrella of MEDEF (Mouvement des Entreprises de France), which represents a vast number of French businesses

Strategic Partnership Agreement

Signed on January 26, 2023, in Paris. This agreement was signed during the visit of Iraqi Prime Minister Mohammed Shia’ Al Sudani to France, where he met with French President Emmanuel Macron.

Lugal Establishment

the establishment of the IFBC was officially announced in Paris on May 29, 2024. according to claue 25 of Strategic Partnership Agreement. This announcement took place during the first meeting between the Iraqi and French sides

First Economic Forum

The First Iraqi-French Economic Forum was held in Paris from May 29th to June 1st, 2024. The event was organized by MEDEF International (the international branch of the Mouvement des entreprises de France, the main French Business Confederation).

News & Events

The Iraqi-French economic relationship is dynamic, featuring continuous news and events that highlight ongoing cooperation and commitment to growth.

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Business in Iraq

France possesses a major global economy known for its unique blend of state influence, thriving innovation, and distinct cultural practices. Beyond its famous landmarks, its business landscape offers fascinating insights, from attracting global investment to fostering a unique work culture. Here are a few highlights:

Top EU Investment Hub

France has consistently ranked as Europe’s most attractive country for foreign investment in recent years, driven by pro-business reforms.

Major Startup Powerhouse

Its “La French Tech” initiative fuels a leading European startup scene with nearly 25,000 companies and strong government backing.

Protected Work-Life Balance

French law supports a strong work-life balance with a standard 35-hour work week and a legal “right to disconnect” outside of work hours.

Formal Business Culture

Business interactions in France often emphasize formality, using titles (Monsieur/Madame) and respecting hierarchical structures in decision-making.

Global Leader in Key Sectors

France is renowned worldwide for its dominance in specific industries like luxury goods (home to brands like LVMH, Chanel, Dior), aerospace (a major hub for Airbus), tourism (one of the world’s top destinations), and agri-food.

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