Publishe Date: 9:17 AM - 2/16/2015 | Print

Iran Eying Enhanced Economic Ties with Iraq

Economy - Iran’s first vice president unveiled plans to upgrade the level of economic relations with neighboring Iraq at the same pace with the expansion of bilateral political ties.

Speaking to reporters in Tehran on Monday morning before leaving for Baghdad, Eshaq Jahangiri said the visit is aimed at promotion of Iran-Iraq economic ties in an effort to match with the level of political relations.

“The economic relations of the two countries now stand at a proper level, and the volume of (trade) exchange between the two sides is about 12 billion dollars,” the vice president noted.

He said Iran is resolved to play a “pivotal role” in reconstruction of Iraq, adding that Tehran is ready to provide Baghdad with its experiences in construction, science, technology and other fields.

Heading a high-ranking delegation, comprised of 5 ministers and 2 vice presidents, Jahangiri started a three-day tour of Iraq at the invitation of Iraqi Prime Minister Haider al-Abadi.

During his stay in Iraq, Jahangiri is planned to hold meetings with Iraqi President Fuad Masum, Prime Minister Abadi, Parliament Speaker Salim al-Jabouri, Foreign Minister Ibrahim al-Jafari, and the head of the Islamic supreme council of Iraq, Ammar al-Hakim.

The Iranian official also plans to attend Iran-Iraq High Joint Commission as well as a ceremony to sign several agreements and Memoranda of Understanding (MoUs).

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