The Iraqi government has granted preliminary approval for the transit of Iranian goods to Kuwait through its territory, according to Amin Fartousi, a board member of the Iran-Kuwait Joint Chamber of Commerce.
Hamid Hosseini, the vice-chairman of Iran-Iraq Joint Chamber of Commerce, has appreciated “Iran’s record exports” to neighboring Iraq.
The president of Iran Chamber of Commerce has highlighted the vast potential in Iraq’s market and stressed the need for increased participation from Iran’s private sector to strengthen economic ties with the neighboring country.
In a visit to Baghdad by Iranian President Masoud Pezeshkian, a total of 14 cooperation documents were signed in various areas, including among others on cooperation between chambers of commerce of the two countries.
Iranian President Masoud Pezeshkian has underlined the need for forming a special working group and designing a long-term plan to remove the hurdles on the way of trade exchanges between Iran and Iraq.
Iran has reported a major increase in exports to Iraq as authorities hope trade with the neighboring country could experience a record in the calendar year to March.
The Iraqi ambassador to Tehran has said that trade between Iran and Iraq has exceeded 10 billion dollars.
Mehran border crossing, at the joint border between Iran and Iraq, has resumed its commercial activities after 2 weeks, according to a local official.
Qazvin Chamber of Commerce, a local chamber of commerce in northern Iran has opened an office in Erbil, Iraq.
Vice-President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Payam Bagheri has said that Iran and the Iraqi Kurdistan Region have the potentials of increasing their economic exchanges by several times.