Question: What Countries Can The US Not Do Business With?

What country does us import the most from?

Year-to-Date ImportsRankCountryImports—Total, All Countries1,688.9—Total, Top 15 Countries1,336.71China303.92Mexico232.813 more rows•Oct 6, 2020.

Can foreigners own a company in Iraq?

Foreigners may incorporate companies and trade representative offices or branches, operating in Iraq under the Companies Law 21 of 1997 – the Ministry of Trade Instruction No 196 of 2004 details the registration of Iraqi companies, while Regulation No 5 of 1989 explains the process for registration of branches or …

What does the US get from Iraq?

U.S. – Iraq Trade Facts Goods exports totaled $1.2 billion; goods imports totaled $7.0 billion. The U.S. goods trade deficit with Iraq was $5.8 billion in 2019. According to the Department of Commerce, U.S. exports of goods to Iraq supported an estimated 11 thousand jobs in 2015 (latest data available).

What are the top 3 Imports of China?

Its top imports are integrated circuits ($207B), crude petroleum ($144B), iron ore ($59B), cars ($46.8B) and gold ($40.3B). WHAT TYPE OF ECONOMY DOES CHINA HAVE?

Is Somalia a sanctioned country?

Somalia is currently subject to financial sanctions. This document contains the current list of designated persons.

What countries are on the OFAC list?

Currently, sanctioned countries include the Balkans, Belarus, Burma, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe. The list of sanctioned countries is updated periodically and is available here.

Can US companies do business with Sudan?

The general license permits US persons and companies to deal with Sudan, including the government of Sudan, and OFAC has also unblocked property of the government of Sudan currently held by U.S. companies and financial institutions.

Where does the US get most of its food?

Many American companies dominate the food export market, which is, in part, due to an increasingly productive farming sector….The top export destinations of food produced in the U.S. include:Canada.Mexico.China.Japan.Germany17 18

What countries does the US do business with?

These are America’s top trading partners for 2017, ranked by total exchange of goods:China – $636 billion.Canada – $582.4 billion.Mexico – $557 billion.Japan – $204.2 billion.Germany – $171.2 billion.South Korea – $119.4 billion.United Kingdom – $109.4 billion.France – $82.5 billion.More items…•

Can US companies do business with Lebanon?

U.S. companies interested in doing business in Lebanon are advised to hire a Lebanese agent or distributor. Although working through an agent is common practice in Lebanon, networking and lengthy investigation are key to finding an appropriate one. U.S. companies do not need to visit Lebanon to find an agent.

What is America’s biggest import?

What Are the Major U.S. Imports?Machinery (including computers and hardware) – $386.4 billion.Electrical machinery – $367.1 billion.Vehicles and automobiles – $306.7 billion.Minerals, fuels, and oil – $241.4 billion.Pharmaceuticals – $116.3 billion.Medical equipment and supplies – $93.4 billion.More items…•

Can US do business with Libya?

Libya, Sudan, and Somalia are OFAC countries in Africa that cannot do business with American-based companies. … OFAC bans most types of business transactions in these countries, but does allow shipments of products and services that are humanitarian, such as the exporting of food and medicine.

Can US sanction China?

The United States applies sanctions against China. … In 2020, the US imposed sanctions and visa restrictions against several Chinese government officials, which were justified as being a response to human rights abuses against Uyghur people and in Hong Kong.

Who is America’s biggest trade partner?

U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

Why did the US put sanctions on Iran?

In response to Iran’s continued illicit nuclear activities, the United States and other countries have imposed unprecedented sanctions to censure Iran and prevent its further progress in prohibited nuclear activities, as well as to persuade Tehran to address the international community’s concerns about its nuclear …

Can the US do business with Iraq?

Moreover, organizations can do business in Iraq under U.S. federal contracts, license authority from the Office of Foreign Asset Control (OFAC), and the U.N. “s “Oil for Food” program. … embargo, organizations presently can do business under the “Oil for Food” program.

Does the US trade with Lebanon?

In 2018, major U.S. exports to Lebanon were vehicles, mineral fuel and oil, products of chemical industries, machinery and electrical instruments, prepared foodstuffs, beverages and tobacco, and vegetable products.

What is US biggest export?

Top U.S. service exports Services are the biggest US export, with total foreign sales of $778 billion last year. Indeed, the United States has a $243 billion trade surplus in services, which is good news since service industries account for 71% of US jobs.

Who is China’s biggest trading partner?

China’s Top Trading PartnersUnited States: US$418.6 billion (16.8% of China’s total exports)Hong Kong: $279.6 billion (11.2%)Japan: $143.2 billion (5.7%)South Korea: $111 billion (4.4%)Vietnam: $98 billion (3.9%)Germany: $79.7 billion (3.2%)India: $74.9 billion (3%)Netherlands: $73.9 billion (3%)More items…•

Which country import the most?

the U.S.In 2019, the U.S. were the leading import country in the world with an import value of about 2.57 trillion US dollars.

What are the 5 sanctioned countries?

The Bureau of Industry and Security (BIS) implements U.S. Government certain sanctions against Cuba, Iran, North Korea, Sudan, and Syria pursuant to the Export Administration Regulations (EAR), either unilaterally or to implement United Nations Security Council Resolutions.