Switzerland has reopened its embassy in Iraq, aiming to improve diplomatic ties and boost cooperation on economic, security, and peace initiatives. This move is expected to advance Swiss interests in Iraq, a country rich in energy resources and economic diversity, offering long-term opportunities for Swiss businesses. In 2022, trade between the two nations reached $191.5 million, with Swiss exports mainly consisting of pharmaceutical products. However, Iraqi exports to Switzerland were minimal, valued at just $127,000 and including items like surveying equipment, iron wire, and metal signs.

Migration remains a central issue in Swiss-Iraqi relations. Iraq has recently taken a more cooperative stance on the readmission of its nationals, a key concern for European countries managing asylum seekers. Switzerland has been prioritizing migration cooperation with Iraq, supporting related projects since 2020 and recently intensifying dialogue with Iraqi authorities.

In May 2024, the two countries signed a migration agreement aimed at improving asylum and return processes for Iraqi nationals. As part of this initiative, a Swiss migration officer will be stationed at the reopened embassy to support the on-ground efforts, working under Ambassador Daniel Hunn, who was appointed in March 2024. The embassy will be staffed by a total of three people.

The reopening of the embassy in Baghdad highlights Switzerland's commitment to maintaining strong bilateral relations and promoting peace and humanitarian aid in the Middle East and North Africa region. According to the Swiss Federal Council, this renewed diplomatic presence will enhance cooperation on migration, especially as Iraqis represent one of the largest groups of asylum seekers in Europe.