The Iran Project
: Iran exports some 2,200 products, valued at $12 billion, to neighboring Iraq annually, the head of the Department of Spatial Planning and Regional Planning of the Iranian Plan and Budget Organization said.
Saturday 1 June 2024 - 22:00
Story Code : 422571
Source : Mehr News
Iran’s annual exports to Iraq stand at $12 billion
He went on to say that Iran’s exports to Iraq have increased 15-fold over the past 20 years, rising from about $600 million in 2003 to more than $10 billion last year (ended March 19, 2024).
Currently, Iran exports over 2,200 various types of goods and products to Iraq, he said, adding that more than half of the active Iranian traders are present in the Iraqi market.
Developing the trade infrastructures to facilitate trade between the two countries, encouraging traders to invest in Iraq, promoting trade through dispatching and admitting trade delegations and participating in exhibitions of the two countries, etc. are suggested to strengthen the trade and economic relations between Iran and Iraq, he underlined.
Reporter : Editorial of The Iran Project
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