Iran’s exports to Iraq are gradually growing compared to initial months of the spread of the coronavirus pandemic in the Middle East beginning late February, a member of Iran-Iraq Joint Chamber of Commerce says.
Shalamcheh crossing at the border between Iran and Iraq has been reopened for trade after it was temporarily closed by the authorities on the Iraqi side from Eid al-Adha to Eid al-Ghadir.
Khosravi crossing at the border between Iran and Iraq has been reopened for trade after it was closed by the authorities on the Iraqi side about five months ago due to the spread of the new coronavirus.
Head of the International Department of the Central Bank of Iran said constructive talks were held with Iraqi officials which could result in unfreezing millions of dollars of Iranian money.
President Hassan Rouhani says his administration is determined to take the volume of Iran and Iraq’s annual bilateral trade to $20 million.
Mehran crossing on the border with Iraq was reopened on Monday for the trade between Iran and Iraq to be resumed. The crossing would be open on Sundays and Wednesdays allowing 500 trucks to move weekly.
Iranian customs officials discussed reopening of Mehran border with Iraqi partners to resume trade as both nations have taken health measures to guarantee hygienic transportation of goods.
Trucks lined up at the Iraqi Kurdistan and Iranian border as it partially reopened for trade on May 3, weeks after it was shut to curb the spread of the coronavirus.
The United States Thursday granted Iraq a 30-day waiver to keep importing Iranian gas despite American sanctions.
The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies.