Iran’s annual trade with Iraq up 30%

April 7, 2024 - 14:38

TEHRAN - Iran’s trade with neighboring Iraq registered a 30 percent growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024), according to an official with Iran’s Trade Promotion Organization (TPO).

According to Adol-Amir Rabihavi, the director general of the TPO West Asia Office, Iran’s commercial centers are active in Iraq, Syria, the United Arab Emirates, Turkey and Qatar to boost bilateral trade.

Iran gained successes and achievements in its trade with the West Asian countries in the previous year, he said, adding that the current administration has seriously pursued the policy of boosting trade ties with the neighboring states, Rabihavi stated.

Elsewhere in his remarks, the official referred to Syria as one of Iran’s major trade partners and added that a joint supreme committee was held between the two countries in December 2023 in the presence of the Syrian prime minister and Iran’s first vice president.

The TPO official termed Iraq as Iran’s second trade partner and added that the ground was set for the presence of active Iranian technical and engineering companies in Iraq last year.

Iran’s trade with Iraq registered a 30 percent growth last year, he said, adding that Iran has 12 active trade centers in Iraq, Syria, UAE, Turkey and Qatar.

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