No restrictions on trade ties with Iraq: Iran’s VP

TEHRAN (Tasnim) – Tehran sees no restriction on trade exchange with the western neighboring country, Iraq, Iranian vice president emphasized Tuesday.
“The Islamic Republic of Iran maintains very good relations with Iraq and we announced during Iraqi premier’s trip to Iran that there were no restrictions on the volume of trade between Iran and Iraq,” Eshaq Jahangiri told the Tasnim News Agency in the Iranian western city of Kermanshah, referring to Iranian companies’ activities in Iraq and the volume of their exports as proofs for his claim.

Jahangiri described the border market and the customs in Kermanshah as one of the most important centers for developing Iran’s non-oil exports.

The Iranian official had earlier said the two neighboring countries should draw up a plan to raise the volume of their annual trade exchanges to $20bln.

The volume of trade exchange between Iraq and Iran reached about $12 billion in 2013, making the Arab country one of Iran’s top five trading partners.

In Iran’s non-oil trade, Iraq is the most significant export market. These exports include light industrial products, foodstuffs, consumer goods, construction materials and electricity.

By Tasnim News Agency


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