Iran-Iraq trade could reach $25bln in next two years
The Iran-Iraq trade could reach the $25 billion mark in the next
two years, the chairman of the Economic Development Committee of
Iran and Iraq, Ali Saeedlou said, IRNA news agency reported.
Saeedlou made the statements at the joint economic cooperation
meeting with the Northern Iraqi administration head Massoud
Barzani, which has been held in Arbil.
Saeedlou noted that the trade, which currently stands at some $12
billion, could reach $25 billion, as Iran has the expansion of
economic ties with Iraq as one of country's priorities.
Saeedlou noted that Iran is interested in expanding economic
relations with all neighboring countries, and especially with
Iraq.
"The Islamic Republic of Iran is working in the energy sectors in
Iraq, as well as engaging in other projects regarding petroleum
products, oil and gas issues," Saeedlou said.
He noted that Iranian companies are engaged in major economic
activities in Iraq, such as road building and construction, adding
that Iran is interested in development of Iraq's private sector and
mutual cooperation.
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