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Iran eyes 30% trade exchange increase with Iraq this year
30/07/2011 19:19
Erbil, July 30 (AKnews) - Iran is looking to increase trade exchange with Iraq this year from $7 billion to $10 billion, Iran’s state-run Fars News Agency (FNA) reports.
FNA cites Mozzafar Akhavan, the director of the Iranian Trade Center in Iraqi-Kurdistan’s second largest city, Sulaimaniya, saying that the hike in trade exchange is being coordinated with Iran’s Trade Promotion Organization, the Chamber of Cooperatives and the Chamber of Commerce.
Akhavan described the Iraqi provinces of Erbil, Kirkuk and Sulaymaniya as “trade gateways for Iranian products and lucrative markets for Iran's non-oil exports”.
There are currently around 250 Iranian companies operating in Iraq and a bilateral accord signed in July this year between the neighboring states aims at pushing the annual trade exchange to $20 billion over the coming years.
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