Iran News ...


11/19/03

Iran, Iraq ink letter of understanding to boost cooperation

Iran's minister of commerce Mohammad Shariatmadari and Iraqi minister of trade Ali Alawi signed a letter of understanding in Tehran on Tuesday night to boost economic cooperation between the two countries, IRNA reported.

During the signing ceremony, Shariatmadari said that Iranian and Iraqi tradesmen and businessmen have had good and close cooperation, both officially and non-officially, since the beginning of work of Iraq's interim government.

He further noted that the tradesmen of Northern Iraq travel to Iran to purchase medicine and basic commodities and pointed out that many construction companies formed in Iran after the end of Iraqi-imposed war could help significantly to reconstruct Iraq.

Pointing to economic potential of Iraq , he stressed that Iranian merchants and tradesmen are ready to start cooperation with their Iraqi counterparts the moment peace is established there.

Alawi regretted the fact that former Iraqi regime destroyed country's economic system and said the priorities of the Interim Government stood at establishing good relations with neighborly countries especially Iran.

He referred to expanding markets to both countries, making investments in Iraqi projects and plans and the free passage of the tradesmen of the two countries as the items agreed upon in the letter of understanding signed. He said the free exchange and opening up of markets were of great importance for his government.

... Payvand News - 11/19/03 ... --



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