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Iran's non-oil exports to Iraq surpassed USD 1B

Ahvaz, Khuzestan Prov, Feb 26, IRNA - Head of Iran-Iraq Chamber of Commerce, Industries and Mines Hassan Tizmaqz said here Monday that Iran exported USD 1.3 billion worth of commodities to Iraq since the start of the current Iranian calender year 1386 (March 21,2006).

Tizmaqz was speaking to IRNA on the sidelines of a ceremony inaugurating the first cement export terminal of the country.

He added that the value of trade exchanges between the two countries was predicted to reach USD 1.8 billion.

He said Iran has paved the ground for increased trade exchanges with Iraq and supply of basic commodities to meet the country's needs this year.

The official noted that an increase in trade and economic exchanges between Tehran and Baghdad would be beneficial for both sides.

"In trade, competition is the main principle. If goods exported by Iran to other countries meet international standards it can compete highly with other countries," he said.

He said that Iranian and Iraqi officials have discussed and reached agreements on various development projects in Iraq such as reconstruction and development of its steel industry, building of joint electricity power plants, construction of water and sewage facilities and other civil infrastructure.

Meanwhile, measures are currently underway to pave the way for participation of more Iranian contractors in Iraq.

... Payvand News - 2/26/07 ... --

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