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Iran and Iraq to cooperate more closely

Staff writer |
Iranian First Vice-President Eshaq Jahangiri and Iraqi Prime Minister Nuri Al-Maliki reiterated the necessity for increasing exchange of visits between the two countries' businessmen and trade officials in a bid to further consolidate Iran-Iraq economic ties.

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The Iranian first vice-president reiterated that enhancement of bilateral ties tops the agenda of both Tehran and Baghdad, and said "the agreements between Tehran and Baghdad have provided proper opportunities for Iranian businessmen to play a bigger role in the gas and housing industries and other sectors in Iraq".

The Iraqi prime minister, pointed to his meeting with the Iranian first vice-president, and said, "We agreed to have extensive activities and we also agreed on establishing different ways for conducting (joint) economic activities."

Iran has doubled the volume of its exports to Iraq in the first 8 months of the current Iranian year (ends March 2, 2014) compared with the same period in the last year, a provincial trade official announced.

"Iran exported 90,000 tons of goods and products to Iraq in the first 8 months of the current year in comparison with the 42,000 tons of exports in (the first 8 months of) the last year," Deputy Head of Kerman Provincial Industry, Mine and Trade Organization Amin Qafarinejad said on Tuesday. The value of Iran's exports to Iraq amounted to $40 million in that period.

According to the latest data released by the Iranian Customs Administration, Iran exported $24.605bln of non-oil goods, including gas condensates, during the eight-month period, marking a 7.7 percent rise in weight compared to the corresponding period last year. The non-oil exports weighed 56.844mln tons.

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