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Iran has a tiny slice in Iraq's lucractive market: Official

Tehran, Sept 5, IRNA - Head of Iran-Iraq Joint Chamber Hossein Tizmaghz said here Wednesday that Iran has a tiny share in Iraq's dlrs 42 billion market compared to other partners.

Tizmaghz told Iran-Iraq Economic Cooperation Seminar that Iran's internal problems and Iraq's security concerns are impediments to growing transactions.

He said presently, Iraq's commerce ministry spends dlrs four billion credit on meeting Iraqis' daily needs and on purchase of the rationed goods, which provides the Iranian party with a suitable opportunity to market its goods and services there. The Iranian party can meet different rationed requirements of the Iraqi nation including sugar, oil, tea, beans and so on, he added.

The official said that Iran can even provide the Iraqi party with cheap fruits and vegetables.

He went on to say that Iran can also contribute to such infrastructural and development projects as water, power and sewage control.

The business official said Iran has newly launched projects to set up several powerplants in Iraq.

Iran is to set up a 300-megawatt power plant in Iraq's Najaf free of any charge on a decree by Supreme Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei with an aim to address energy requirement of the holy sites there, he added.

... Payvand News - 9/6/07 ... --

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