The Iraqi-Chinese Business Council (伊拉克中國商務理事會) was established on November 25, 2023, in Baghdad during a ceremony attended by Iraqi Minister of Trade Atheer al-Ghurairi and Chinese Embassy counselor Xu Haifeng (許海峰). The council serves as a platform for facilitating trade and investment between Iraqi and Chinese companies, with 150 Iraqi and 55 Chinese companies reportedly participating in its launch. According to the Iraq Business News, council president Haider al-Rubaie described it as a platform for “enhancing trade and investment between Iraqi and Chinese companies, fostering economic cooperation between the two nations.”