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26 September 2023 - 18:24
Iran, Iraq can achieve $40bn in annual trad: PMO chief

Head of Iran Trade Promotion Organization (PMO) says the level of trade ties between Iran and Iraq has increased significantly, adding that the two countries can hit a target of $30-40 billion in annual of trade.

Speaking after a second joint business committee of Iran and Iraq in Tehran on Monday, Mehdi Zeighami said that the committee had reviewed programs, infrastructure, and solutions for the two neighboring countries to reach $20 billion in annual trade in the near future. 

Zeighami said, however, that bilateral annual trade can reach $40 billion in the long run.

The PMO chief said despite serious sanctions imposed on Iran in recent years, the country is ready to transfer its experiences on industrial projects to Iraq.

News ID 196147


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