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Trade between Iraq and Iran to reach to $20 billion
16 May 2014
Minister of Economy and Finance Ali Tayebnia said that Iran-Iraq trade volume will reach as high as $20 billion in value by the next three years from present $12 billion.
In a meeting with Iraqi Deputy Prime Minister Nouri Shavis in Tehran on Tuesday on the sidelines of inking a bilateral protocol for economic and investment cooperation, Tayebnia said Iran-Iraq trade volume was more than six billion dollars in 2013.
He said in the joint meetings, Iran and Iraq discussed banking and customs relations. Shavis for his part said extensive talks were held by the two parties on cooperation in the areas of banking, standardization and double-tax exemption as well as support for investment.
He said memorandums of understanding will also be signed for cooperation in various economic domains.
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