Iran�s Minister of Cooperative, Labor and Social Welfare Mohammad Shariatmadari says Tehran and Baghdad have�signed a roadmap for five-year economic cooperation.
�The signing of the economic document was raised during the meeting with Iraq�s finance minister and was welcomed by him, and we hope to reach an agreement in the fields of customs investment, border markets and similar issues,� Shariatmadari said after the meeting in Baghdad on Sunday.
He said the document is expected to be signed during an upcoming visit of Iraq�s economy minister to Iran before the end of President Hassan Rouhani�s term in office.
�Broader economic issues, especially infrastructural issues and give-and-take economic opportunities, will be common areas of cooperation that both sides are optimistic about,� he added.
Shariatmadari also explained that the two sides are laying the groundwork for a system of preferential tariffs in order to establish a large joint market, which would also lead to the establishment of a wider market in other neighboring countries.