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Iran Iraq

Iran’s imports from Iraq up 430% YOY

A recent report by Iran Customs Administration (IRICA) suggests that Iran’s imports from Iraq in the first five months of the current fiscal year (March 21 – August 22) have grown by 430% in value terms in comparison with the figures from last year’s corresponding period.

Trade

Iran, Iraq agree to accelerate Basra-Shalamcheh railway project

Acceleration of Basra-Shalamcheh railway project, joining Iran to Iraq, was one of the main agendas of a Sunday meeting between Iranian President Ebrahim Raeisi and visiting Iraqi Prime Minister Mustafa al-Kadhimi.

Macro Economy

Iran government urged not to neglect Iraq’s energy market

Iranian private sector has warned the government authorities about neglecting the Iraqi energy market.

Energy

Increased tariffs hampering Iranian exports to Iraq

Imposition of strict restrictions on visa issuance for Iranian businessmen and increased tariffs are damaging Iran’s trade with neighboring Iraq, expert says.

Trade

Iran’s exports to Iraq up 31% in five months

Iran has managed to increase its exports to Iraq by almost a third year on year in the five months to August 22, says a senior businessman watching over trade between the neighbors.

Trade

Iran halts electricity supply to Iraq

Iran has stopped supply of electricity to Iraq, according to the director of Iran Grid Management Company.

Energy

US renews sanctions waiver for Iraq to import Iranian energy

The United States has allowed Iraq to continue to import gas and electricity from Iran until the start of December as part of Washington’s temporary waivers from sanctions imposed on Iran since 2018.

Energy

Iran exports $2.8bn worth of goods to Iraq in four months

Iran’s exports to Iraq in the first four months of the current fiscal year (March 21-July 22) stood at $2.8 billion, Hamid Hosseini, member of Iran-Iraq Chamber of Commerce’s board of directors, told Fars News Agency.

Trade

It is time for Iran’s export jump to Iraqi market: Businessman

Head of the chamber of commerce of western Iranian province of Kermanshah Keyvan Kashefi has underlined the need for Iran’s further presence in the Iraqi market.

Trade

Iran sees Iraqi market as chance for Arvand Free Zone’s development

Acting CEO of Arvand Free Zone organization Hossein Garousi said on Monday that the market of Iraq, as Iran’s biggest economic partner, is regarded as a chance for economic development and investment in this free zone in southwestern Iran.

Macro Economy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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