Iraqi industry in steep decline since 2003, union head says

BAGHDAD, Iraq — Iraq's industrial sector has suffered a steep contraction since 2003, with most of the country's factories and plants shutting down and many deteriorating beyond repair, according to Sayir Sultani, head of the Diyala Workers' Trade Unions Federation. Sultani said more than 90 percent of factories ceased operations after 2003, leaving tens of thousands of workers unemployed. Sector representatives noted that over 90 percent of domestic market demand is currently met through imports, and argued that redirecting part of Iraq's estimated $60-70 billion annual import bill into domestic production could help revive the economy. Former lawmaker Bakir Saidi called for a national industrial strategy, expanded bank lending and measures to attract investors. Industrialist Omar Hasan Ali said stable energy supply and protections for local products against imports were essential for any recovery. Officials warned that development without a comprehensive industrial plan would not be feasible, though no specific government strategy has been announced.