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.
Iran exported more than $3.5 billion worth of non-oil products to neighboring Iraq in the five calendar months to August 22, meaning that the Arab country has received 18.3% of Iran’s total exports in this period.
Iran’s exports to Iraq has registered an 18.5% year-on-year increase in the first five calendar months to August 22, the secretary general of the Iran-Iraq Joint Chamber of Commerce said, predicting that the value of the country’s exports to Iraq will reach $12 billion by the yearend.
Iran and Iraq has officially begun the construction of a long-awaited shalamcheh-Basra railroad.
The Iranian deputy minister of oil has announced that the gas export deal with Iraq is being finalized.
Iran and Iraq have agreed to continue their bilateral cooperation to establish joint industrial zones and complete the Shalamcheh-Basra railway.
Iran has exported as much as $2.348 billion worth of goods to Iraq in the first quarter of the current Iranian calendar year (March 21 – June 21), according to an official with the knowledge of the matter.