Iraq pays out part of debts for energy imports: Central Bank of Iran

Baghdad’s imports of gas and electricity from Iran equal four billion dollars however it’s not been able to pay the price due to financial restrictions caused by renewed US sanctions.

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Iraq-Iran joint business forum

Iran business delegation headed by Gholam Hossein Shafei, President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), attended a joint business forum between Iraq and Iran that was held in Baghdad on 11 March 2019. Iranian President Hassan Rouhani and Iraqi Prime Minister Adil Abdul-Mahdi were also present at the forum.

Iran, Iraq agree to build Shalamche-Basra railway, offer free visas

The agreements come on day one of Iranian President Hassan Rouhani’s state visit to Iraq. The railroad is expected to boost mutual trade between the two neighbours.

Iran private sector calls for special Iran, Iraq desks to boost trade

The proposal comes as a large number of Iranian businessmen and women have traveled to Iraq in a bid to explore business and investment opportunities in the western neighbour. The two countries are eyeing $20bn trade volume per year.

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ICCIMA calls for FTA with Iraq to upgrade trade volume to $20bn

President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam Hossein Shafei says a Free Trade Agreement with the western neighbour can elevate the annual bilateral trade volume to 20 billion dollars.

How eTIR has facilitated Iran, Turkey trade

The Convention on International Transport of Goods Under Cover of TIR Carnets (TIR Convention) is a multilateral treaty signed in Geneva on 14 November 1975 to simplify and harmonise the administrative formalities of international road transport. 75 countries and the European Union are members of this convention. It’s digital version, also known as eTIR, is here to revolutionise this harmonised mechanism.

Sierra Leonean ambassador to Iran visits ICCIMA

West African country’s envoy to the country Alie Badara Kamara holds talks with Gholam Hossein Shafei, President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) about Iranian private investment in his country.

Iran private sector ready to invest in Sierra Leone infrastructure

Iran Chamber of Commerce President Shafei says Iranian private firms can take part in reconstructing the west African infrastructure.

Rouhani’s landmark Iraq visit to consolidate bilateral trade, political ties

Iranian President Hassan Rouhani is due in Iraq on Monday in his first visit to the neighbouring Arab country since he took office in 2013. The landmark visit if significantly important as the two nations set eyes on increasing their bilateral trade to up to 20 billion dollars and snatch away economic and political initiatives from the US.

US exports to Iran soar to 10-year high in 2018 despite own sanctions

The increase in US exports to Iran happens while Washington has imposed two rounds of punitive measures on Tehran and it continues to press Europe to avoid trade with Iran.