ID :
198284
Sun, 07/31/2011 - 07:51
Auther :
Shortlink :
https://www.oananews.org//node/198284
The shortlink copeid
Iran Eying $10bln Trade Exchange with Iraq This Year
TEHRAN (FNA)- An Iranian economic official said Iran and Iraq plan to boost their trade exchanges from the current $7bln to $10bln this year.
"The volume of trade exchanges between Iran and Iran stands at about $7bln at present and we are trying to boost it to $10bln through consultations with the Trade Promotion Organization of Iran, Chamber of Cooperatives and Chamber of Commerce in the coming months," Director of Iran's trade center in Iraq's Northern city of Sulaymaniyah Mozzafar Akhavan said on Saturday.
He further stated that almost 250 Iranian companies are involved in economic activities in Iraq.
The official mentioned that the Iraqi provinces of Erbil, Kirkuk and Sulaymaniyah are considered as trade gateways for Iranian products and a good market for Iran's non-oil exports.
Akhavan further pointed to Iraq's abundant capacities for marketing Iranian goods, and stressed the importance of security along borders for better trade between the two neighboring countries.
"I believe that establishment of security between the two countries and maintaining solidarity and unity among border towns are most needed for the improvement of bilateral trade ties."
Iran and Iraq have enjoyed growing ties ever since the overthrow of the former Iraqi dictator, Saddam Hussein, in 2003.
Both sides are working on a series of plans to take wide strides in expanding their ties.
Early in July, Iran and Iraq agreed to boost the value of their trade exchanges to $20bln in the near future.
"We agree to increase the value of mutual economic and trade exchange, which is expected to reach 10 billion dollars by the end of the current year, to 20 billion dollars in the near future," Iranian First Vice-President Mohammad Reza Rahimi told reporters in the Iraqi capital, Baghdad at the time.
The two countries inked six Memoranda of Understanding (MoUs) to expand cooperation in various sectors such as information technology, health and medication and culture.
The documents were signed by the Iranian vice president and Iraqi Prime Minister Nouri al-Maliki in Baghdad.
"The volume of trade exchanges between Iran and Iran stands at about $7bln at present and we are trying to boost it to $10bln through consultations with the Trade Promotion Organization of Iran, Chamber of Cooperatives and Chamber of Commerce in the coming months," Director of Iran's trade center in Iraq's Northern city of Sulaymaniyah Mozzafar Akhavan said on Saturday.
He further stated that almost 250 Iranian companies are involved in economic activities in Iraq.
The official mentioned that the Iraqi provinces of Erbil, Kirkuk and Sulaymaniyah are considered as trade gateways for Iranian products and a good market for Iran's non-oil exports.
Akhavan further pointed to Iraq's abundant capacities for marketing Iranian goods, and stressed the importance of security along borders for better trade between the two neighboring countries.
"I believe that establishment of security between the two countries and maintaining solidarity and unity among border towns are most needed for the improvement of bilateral trade ties."
Iran and Iraq have enjoyed growing ties ever since the overthrow of the former Iraqi dictator, Saddam Hussein, in 2003.
Both sides are working on a series of plans to take wide strides in expanding their ties.
Early in July, Iran and Iraq agreed to boost the value of their trade exchanges to $20bln in the near future.
"We agree to increase the value of mutual economic and trade exchange, which is expected to reach 10 billion dollars by the end of the current year, to 20 billion dollars in the near future," Iranian First Vice-President Mohammad Reza Rahimi told reporters in the Iraqi capital, Baghdad at the time.
The two countries inked six Memoranda of Understanding (MoUs) to expand cooperation in various sectors such as information technology, health and medication and culture.
The documents were signed by the Iranian vice president and Iraqi Prime Minister Nouri al-Maliki in Baghdad.
