Iran to hold exclusive trade fair in Iraq

July 20, 2015 - 0:0

TEHRAN - Iran will set up an exclusive trade fair in Iraq, Mohammad Rezazadeh, the Iranian commercial attaché in Iraq said.

Some 250 Iranian companies will participate in the exhibition, the Mehr news agency quoted Rezazadeh as saying on Sunday.

The exhibition will be held in the Iraqi province of Babil, he said, but did not provide further details on exact date of the exhibition.

Iraq was the 2nd leading importer of Iranian non-oil goods in the previous Iranian calendar year, which ended on March 20, 2015, according to the Iran Customs Administration.     

Iran exported $6.182 billion of non-oil goods to Iraq and imported $60.369 million of non-oil goods from the country.    

In the first three months of the current Iranian calendar year (March 21-June 21, 2015), Iran exported $1.508 billion of non-oil goods to Iraq and imported $18.464 million of non-oil goods from the country.    

In February, Iranian Finance and Economic Affairs Minister Ali Tayyeb-Nia said Iran and Iraq seek to increase their bilateral trade from currently $12 billion to $20 billion. 

He added that Iran has fertile grounds for trade cooperation with Iraq, particularly in the field of exporting technical and engineering services.