The United States announced on Tuesday that it was renewing for 120 days a sanctions waiver allowing Iraq to buy electricity from Iran, US media reported.
A member of the Board of Directors of the Iran-Iraq Joint Chamber of Commerce said that Iran’s exports to neighboring Iraq registered a 30 percent growth in 7 months, adding that achieving $12 billion worth of exports to the Arab country is possible by the end of the current year.
The Trade Promotion Organization of Iran (TPO) has issued a report of the country’s non-oil exports over the six months to September 22 which disclosed that as much as 30% of Iran’s agricultural products and 44% of the country’s industrial products were bound for Iraq.
Iran has exported as much as $4.5 billion worth of non-oil commodities to Iraq in the six calendar months to September 22, according to the head of the Islamic Republic of Iran Customs Administration (IRICA).
Jahanbakhsh Sanjabi, the secretary general of Iran-Iran Joint Chamber of Commerce, says Iran has to balance its trade with Iraq so as to revive its share of the Iraqi market.
Iraqi Ambassador to Iran Nasser Abdul Mohsen Abdullah says in order to be able to keep the Iraqi market, Iran has to increase its joint investments with neighboring Iraq.
Iraqi Deputy Minister of Commerce, Sattar Jaber Al-Jabari, visits Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) where he meets ICCIMA President Hossein Selahvarzi on September 27, 2023.
President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Hossein Selahvarzi has urged the need for Iran and Iraq to give a boost to mutual investments so as to increase economic cooperation.
Yahya Al-e Eshaq, the chairman of Iran-Iraq Joint Chamber of Commerce, has called on the Iranian private sector not to lose the potentials of the Iraqi market.
The secretary general of the Iran-Iraq Joint Chamber of Commerce stressed the need to launch a Preferential Trade Agreement (PTA) between the two countries in line with boosting trade and economic activities.