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FinancialNews


  • 09-03-19

    Iraq, Iran likely to hit USD20b in trade

    (MENAFN) Iraq is forecast to see its bilateral trade volume with Iran record a surge to stand at USD20 billion soon.

    Iraqi Trade Minister Mohammad Hashim affirmed "the current trade volume between Iran and Iraq is $13 billion and by the will of two countries, it would rise to $20 billion in the future."

    According to the minister, "Iran has a good opportunity to develop trade with Iraq and two nations have a lot of common in cultural and religious views."

    This comes during talks that were held in Tehran between the Iraqi minister and his Iranian counterpart Reza Rahmani.

    Hashim further added that Iraq is expected to welcome Iranian President Hassan Rouhani in a visit aimed at addressing trade relations growth between both countries.

    MENAFN0903201900450000ID1098228857

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