9707
Trade With Iraq Near $12b
Economy, Domestic Economy

Trade With Iraq Near $12b

Tehran and Baghdad have increased trade to $12 billion in recent years, head of Tehran’s Chamber of Commerce, Mines, Industries and Trade Yahya Al-Es’haq announced on Friday.
“An Iranian delegation to be headed by First Vice-President Es’haq Jahangiri will soon visit Iraq to discuss expansion of trade ties,” Forsate Emrooz quoted Al-Es’haq as saying, while addressing a conference on ‘Iran-Iraq Special Economic and Trade Opportunities’ in Tehran.
He added that Iran is looking to make continuous investment in Iraq, noting that trade between the two countries must be pursued in such a way that both countries can benefit.
He stressed that both countries are willing to increase bilateral trade, noting that Iran is pursuing a 25% share in Iraq’s market.
Trade between Iran and Iraq has experienced a twenty-fold increase over the past decade following the fall of former Iraqi dictator Saddam Hossein. However, both sides believe trade could reach $25 to $30 billion a year.
Iran is expected to launch a trade fair in Baghdad by the end of February. Iranian companies plan to showcase various commodities in the exhibition, ranging from building materials to water and electricity equipment, car and medical equipment, food, petrochemical and engineering products.

Short URL : http://goo.gl/gi89q3

You can also read ...

Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Sanctions, Banking Troubles Facing Iranians in Hong Kong
Banking for companies that do business with Iran–as well as...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...

Trending

Googleplus