Tehran Commerce Chamber Focuses on Impediments to Trade With Iraq

The issue of Iran’s continued presence in Iraq’s market after the reinstatement of US sanctions was discussed in the 14th session of Tehran Chamber of Commerce, Industries, Mines and Agriculture’s Trade Facilitation and Export Promotion Commission. 
The US administration withdrew from the 2015 nuclear deal struck between Iran and world powers, including the United States, in May and announced its decision to reimpose sanctions. The first phase of the sanctions is set to come into force on August 6.
“Considering the difficulty facing Iran in international trade after the return of sanctions, the commission aims to promote trade with neighboring countries by consulting joint chamber delegates,” said chairman of the commission, Mohsen Bahrami Arz-Aqdas, TCCIM’s news portal reported.
“Iraqi exports stood at $56 billion in 2017 while imports amounted to $36 billion,” Hamid Hosseini, a member of the board of directors and secretary-general of Iran-Iraq Chamber of Commerce, said.