Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
02-05-23
Iran, Iraq Strengthen Industrial Cooperation to Boost Trade, Economic Growth
(MENAFN) Iran's Trade Promotion Organization (TPO) recently hosted an Iran-Iraq industrial cooperation conference aimed at strengthening the commercial and industrial ties between the two countries. TPO's deputy head for the promotion of international businesses, Mohammad-Sadeq Qanadzadeh, stressed the importance of expanding economic and trade relations with other countries as a priority for Iran's economic and trade diplomacy. Iraq has always been one of Iran's strategic partners, and the TPO is determined to maintain and increase the role Iran has played in Iraq's economic and industrial development.
Qanadzadeh noted that Iran's current exports to Iraq amounted to about $10.5 billion, a new record, but there is still room for growth, with the potential to increase trade between the two countries to $20 billion. The TPO is working closely with the private sector to quickly bridge the gap and reach commercial targets. The target figure for trade with Iraq, calculated from different sectors, is $20 billion, which was also discussed in a meeting between the presidents of the two countries.
According to the Head of the Iran-Iraq Joint Chamber of Commerce, Yahya Ale-Es'haq, the value of trade between Iran and Iraq increased by 20% in the past Iranian calendar year 1401. This growth indicates the potential for further cooperation and development between the two countries. Strengthening ties with Iraq is part of Iran's broader strategy to expand trade with other countries and boost economic growth. The TPO's efforts to promote industrial cooperation between Iran and Iraq are a positive step towards achieving these goals.
MENAFN02052023000045014146ID1106154029
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us