economic
Iran’s Quarterly Exports to Iraq Reach $1.45bln
Jul
TEHRAN (FNA)- Iran exported over 5 million tons of commodities worth nearly $1.45 billion to Iraq during the first quarter of current Iranian year (started March 20), said Secretary General of Iran-Iraq Joint Chamber of Commerce Hamid Hosseini.
Our exports to Iraq had a hard decline with a 19.35% and 57.45% decrease in terms of volume and value compared to the corresponding period of last year due to the coronavirus outbreak, Hosseini said on Friday.
He added that 16,000 trucks transported goods from Iran to Iraq through the main borders, attaining a $970 million revenue.
Noting that Iraq is Iran’s second exports destination after China, the official expressed hope that the situation would improve soon as both countries are trying to resume mutual trades after some five-month strict period.
Iran exported $9 billion worth of goods to Iraq last year that ended on March 19 making it Iran’s top destination among the neighboring states.
On June 1, Iranian Ambassador to Iraq Iraj Masjedi and Baghdad’s new Finance Minister Ali Abdul Ameer Allawi discussed various ways to bolster economic and trade relations between the two countries.
During the meeting with the Iraqi minister, congratulated on the Iraqi minister’s appointment to the post and handed over to him and an invitation from Iranian Minister of Economic Affairs and Finance Farhad Dejpasand to pay a visit to Iran.
Allawi, meantime, thanked his Iranian counterpart for the invitation and expressed the hope that he would pay a visit to the Islamic Republic of Iran in the near future at the head of a trade and economic delegation.
Economic relations between Iran and Iraq have expanded and the volume of trade has increased in recent years.