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Iran Iraq

Iran private sector happy with pace of Iraq’s payment of seized funds

Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al Es’haq says that Baghdad has returned part of the Iranian funds that have been blocked in the Arab country in recent years because of American sanctions on Tehran.

Trade

Iraqi delegation due in Iran for talks on gas imports

A high-ranking Iraqi delegation is due to visit Tehran next week to discuss settling the country’s gas dues and resuming the imports of natural gas from Iran, Iraqi news portal sotalIraq.com quoted the spokesman of Iraq’s Electricity Ministry as saying.

Energy

Iran’s annual exports to Iraq set to hit record $9 billion

A senior Iranian businessman watching over trade with neighboring Iraq says exports to the Arab country are expected to hit a record target of $9 billion in the calendar year to March 20.

Trade

Iran, Iraq’s Sulaymaniyah set to form joint free trade zone

In an upcoming visit to Iraq’s Sulaymaniyah by the managing director of Iran’s free trade zones, Iran and the Iraqi province are scheduled to examine the possibility of forming a joint free trade zone, according to Iran’s Consul General to Sulaymaniyah Mehdi Shoushtari.

Trade

Iraqi chief banker in Iran to discuss debt settlement

A senior banking delegation from Iraq led by the country’s chief banker have held talks with Iranian authorities in Tehran as a report suggest that negotiations between the two neighboring countries have focused on Iraq’s plan to settle a multi-billion dollar debt to Iran in the very near future.

Macro Economy

Iran’s frozen funds in Iraq to be used for imports of food, medicine

The Ministry of Industry, Mine and Trade said Iran’s funds held in Iraq will be used for purchasing food and medicine.

Macro Economy

Iran boosts imports from Iraq

Iran has dramatically increased imports from Iraq as it is seeking to balance trade with the western neighbor.

Trade

Iran set to open trade center in Iraq’s Sulaymaniyah

Iran’s Consul General in Sulaymaniyah Mehdi Shoushtari has said the Islamic Republic plans to open a trade center in the region for promoting Iranian products, IRNA reported.

Trade

Iran exports some $8 billion of commodities to Iraq in eight months

The head of Iran-Iraq Joint Chamber of Commerce said Iran’s exports to Iraq during the first eight months of the current Iranian calendar year (March 21, 2021 – November 21) have fetched the country around $8 billion.

Trade

Iran Chamber supports forming joint committees between local chambers of Iran, Iraq

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Gholam Hossein Shafei voiced ICCIMA’s support for forming joint committees between local chambers of Iran and Iraq which he said would help support trade between the two neighboring countries in a specialized way.

Iran Chamber

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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