Iran, Iraq call for enhanced economic ties

Tehran, May 12, IRNA – Iranˈs Minister of Finance and Economic Affairs Ali Tayebnia and visiting Iraqi Deputy Prime Minister Roj Nuri Shawis on Monday held talks on ways to develop economic relations.

Tayebnia said that Iran-Iraq trade reached dlrs 12 billion in the past Iranian year (ended on March 20) with non-oil exports making up for 50 percent of the figure.

He noted that Iranian trade with Iraq are carried in variety of fields including transit of goods, export of electricity as well as the export of gas and technical and engineering services.

Tayebnia in the meantime called for facilitation of banking, insurance between the two countries to speed up cooperation of private sectors.

The Iraqi deputy prime minister for his part described Iran a real friend for the Iraqi nation, calling for expansion of all out ties.

Shawis, heading a delegation of Iraqi economic activists arrived in Tehran on Sunday afternoon.



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