Iran's ECA, Iraqi Kurdistan Sign $200m Credit Deal

The Export Guarantee Fund of Iran and Iraq’s Kurdish Regional Government signed a memorandum of understanding based on which a credit line worth $200 million will be opened for traders exporting to the region, according to the head of Iranian organization.  
“Iranian exporters will be able to sell goods in the region on 40-day credits or more,” Afrouz Bahrami said, adding the local government will guarantee the trade and credibility of buyers.  
Head of Iranian export credit agency pointed to the government strategy to promote foreign trade particularly with 15 neighboring countries, noting that Iraq is a priority nation.