Tehran, Aug 25, IRNA - Iran-Iraq trade is expected to rise up to dlrs 1.8 billion a year, Director General for Public Relations Department of Iran-Iraq joint Chamber of Commerce, Industries and Mines Jahan Bakhsh Shirazi said on Saturday.
Speaking prior to setting up the first exhibition on Iran-Iraq economic capabilities, he said the volume of exports of goods from Iran to Iraq has exceeded dlrs 1.2 billion and the trade balance has been registered 20 percent.
Trade balance between Iran and Iraq in the year 2006 stood at the same level as the past three years, he said adding that this indicates that proper grounds for expansion of trade are prepared.
According to a 10-year strategy plan, trade between Iran and Iraq is envisaged to reach dlrs 10 billion a year, he added.
The first Iran-Iraq joint economic and trade exhibition is slated for September 5-7. Some 300 companies will take part in the exhibit in Tehran.
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