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Export of Iranian products to neighboring Iraq increased about 50 percent in the current Iranian calendar year (to end March 20, 2019) as compared to the last year’s corresponding period.
Under such circumstances, targeting $20 billion trade between Iran and Iraq within the next two years is not beyond the expectation.
With the increase in the volume of trade between Iran and Iraq, this country [Iraq] is on the verge of being turned into Iran’s main export target market, so that Iran’s export of products to neighboring Iraq has even exceeded China in recent months.
Earlier, Iranian Minister of Industry, Mine and Trade Reza Rahmani put the current trade volume exchanged between Iran and Iraq at more than $10 billion, expandable to $20 billion within the next two years.
To promote trade and business with Iraq, First Vice President Es’hagh Jahangiri in a notification sent to the ministries of Industry and Economy and also Central Bank of Iran (CBI) increased granting currency loan to exporters of technical-engineering services for more than two years.
Despite salient advantages of the Islamic Republic of Iran for its presence in lucrative Iraqi market, effective steps should be taken by responsible officials for boosting trade and business volume with this neighboring country.
In addition, Trade Promotion Organization of Iran (TPOI) put trade volume exchanged between Iran and Iraq in none months of current year (March 21 – Dec. 21) at $7.356 billion.
Major General Hossein Salami, the chief commander of the Islamic Revolution Guards Corps (IRGC), has underscored the resilience of Iran in the face of imposed sanctions on the nation.
The head of the Iran-China Friendship Association Alaeddin Boroujerdi emphasized that Tehran does not have any restrictions on the development of relations between the two countries, and that there is ample room for increasing cooperation in various fields.
Turkey is interested in buying more gas from Iran, said the director general of the Mediterranean and Eastern Europe department of the Foreign Ministry, adding that transit of Iranian gas to Eastern Europe through Turkey is possible.
Most of us have a bottle of olive oil sitting in our cupboards — perfect for use in a salad dressing or stir-fry. It’s likely that most people haven’t considered using it for anything other than enhancing their dinner.
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