Iran to increase investment in south Iraq

TEHRAN, May 18 (Shana) — Chairman of Iran-Iraq Chamber of Commerce Yahya Ale Eshaq called for increase of investment and trade with southern provinces of Iraq including Basrah.

Iraq’s Basra Province is a good market for export of Iranian commodities including oil, gas, food, building materials, technical and engineering services, he added.

The official referred to resolution of banking problems as the result of nuclear deal and called holding the first Iran exhibition in Iraq a big step forward boost of two states’ trade ties.

Pointing to the historical-cultural ties between Iran and Iraq, the official urged facilitation of custom, visa, banking, transportation and other relevant issues for Iraqi and Iranian merchants and entrepreneurs.
Iran has planned to hold its first especial exhibition in Iraq’s Basrah province on May 18-21.