"A war between America and Iran loses billions of dollars to the Kurdistan Region"

[Floridian]

39 minutes ago, Synopsis said:

 

The 90 Extension granted by The United States Of America for the Bicraqi Iraqi regarding the Insanians ends on or around March 23, 2019. Pretty sure this is when the keester kickers will hit ALL the associated backsides with "intense" "rigor"!!!

 

 

I'll be looking forward to "on or around" March 23rd!

Where's my calendar?  I want to make sure I don't forget.   😀

[Laid Back]

Proposal; 

a plan or suggestion, especially a formal or written one, put forward for consideration or discussion by others

 

I don’t think the USA would like this proposal 

[yota691]

Iran to export medicine and medical equipment worth 25 million dollars to Iraq annually

 

money and business Economy News - Baghdad The head of Iran's Food and Drug Organization Mehdi Berasli said Thursday that his country annually exports 25 million dollars of medicine and medical equipment to Iraq. Speaking at a joint meeting with Iran's Health Minister and Iraqi Trade Minister, Berlusconi told IRNA that "the Islamic Republic can export 200 million dollars of medicine and equipment to Iraq." He added that "despite the agreements concluded between the ministries of health in the two countries, but unfortunately, the mechanism of registration of Iranian medicines in Iraq is slow," and wished to be speeded up registration with the health authorities in Iraq . Iraq is ready to develop relations with the Islamic Republic of Iran in all fields as well as in the health and therapeutic fields, Iraqi Trade Minister Mohammad Hashim Abdul Majid al-Ani said . He added that "Iran's support for Iraq in the face of the call and other terrorist groups is a clear statement to all," stressing that "Iraq stands with Iran in the face of the embargo imposed on it . " "Iran is advanced in this field," he said, adding that "the two countries have many cooperation in this field," and expressed his hope for its development. Views 48   Date Added 07/03/2019

[6ly410]

Iran, Iraq to Meet $20 Billion Trade Target in 2 Years: Minister

 

TEHRAN (Tasnim) – Iran’s Minister of Industry, Mine and Trade Reza Rahmani said Tehran and Baghdad have agreed to reach the target of raising the value of annual trade exchange to $20 billion within the next two years.

• March, 14, 2019 - 11:33

https://www.tasnimnews.com/en/news/2019/03/14/1968827/iran-iraq-to-meet-20-billion-trade-target-in-2-years-minister

 

 

Speaking at a TV program on Wednesday, Rahmani stressed the need to exploit the potential of Iran and Iraq for industrial and trade cooperation.

He added that the $20-billion annual trade target that the two neighbors have set is expected to be met in the not-so-distant future.

Rahmani, who was part of Iranian President Hassan Rouhani’s entourage during a landmark visit to Iraq earlier this week, said the two governments have agreed to get the most out of economic opportunities by 2021.

During the presidential visit to Iraq, the two countries’ official signed five deals to promote cooperation in various fields.

The documents entail cooperation between Iran and Iraq concerning the Basra-Shalamcheh railroad project, visa facilitation for investors, cooperation in the health sector, and agreements between the Ministry of Industry, Mines and Trade of Iran and Ministry of Trade of Iraq, and another one in the field of oil between the petroleum ministries of the two countries.

In February, governors of the central banks of Iran and Iraq signed an agreement to develop a payment mechanism aimed at facilitating banking ties between the two neighboring countries.

A few days ago, secretary of Iran-Iraq Chamber of Commerce said the obstacles to banking interaction between the two neighbors have been settled and the bilateral trade exchange is fairly normal.

He said a large number of technical and engineering projects worth 7 to 8 billion dollars which Iranian private sector companies were carrying out in Iraq have remained unfinished since the rise of the Daesh (ISIL) terrorist group in 2014.

Edited March 15, 2019 by 6ly410

[yota691]

Kurdistan pays 20% of the dues of Iranian companies operating in the region

Economy | 11:54 - 18/03/2019

 

 

 

Baghdad - Mawazin News 
The governments of the Kurdistan region and Iran agreed on how to pay the dues of Iranian companies in the region, and the latter will pay 20% of the dues of those companies. 
"The two sides exchanged views on the dues of Iranian companies, and it was agreed on how to pay the dues of natural and legal persons," Fars news agency reported. 
According to the agency, the two sides exchanged views on the activities of Iranian contracting and trade companies. 
It was agreed to pay part of the dues of Iranian exporters as well as the payment of 20 percent of the dues of the Iranian companies active in Iraqi Kurdistan.
The Iranian construction companies in Kurdistan, in coordination with the economic expert at the Iranian consulate in Erbil, can review the relevant centers to meet the second part of its entitlements. 
Earlier, 15 percent of the dues of Iranian companies were paid in Erbil, ending 29/43

[Butifldrm]

2019-03-19 BY SOTALIRAQ

 

 

Kurdistan Region to pay a new percentage of dues of Iranian companies

 

 

TEHRAN (Reuters) - Iran and the Kurdistan Regional Government (KRG) have agreed on how to pay dues to Iranian companies in the region, Iranian media reported on Monday.

The sources said the Iranian consul in Arbil, Morteza Ebadi, and the finance minister of the Kurdistan region of Iraq, Rizaz Lahlan, held a meeting on Sunday, where the two sides discussed and exchanged views on the dues of Iranian companies and agreed on how to pay the dues of natural and legal persons.

It was agreed to pay part of the dues of Iranian exporters as well as the payment of 20 percent of the dues of Iranian companies active in Kurdistan Iraq.

The Iranian construction companies in Kurdistan, and in coordination with the economic expert at the Iranian consulate in Erbil, can review the relevant centers to meet the second part of its entitlements.

Earlier, 15 percent of the dues of Iranian companies were paid in Erbil.

IRAQ

https://www.sotaliraq.com/2019/03/19/إقليم-كوردستان-يسدد-نسبة-جديدة-من-مستح/

[yota691]

 

CNBC: New extension of 90 days Trump Excludes Iraq to buy Iranian gas and electricity Political | 10:37 - 19/03/2019         Baghdad Mawazine News  The United States extended the period of exemption for Iraq from its sanctions against Iran.  "The administration of President Donald Trump has extended the deadline to exempt Iraq from complying with US sanctions against Iran for another three months," a US State Department source told CNBC.  On November 4, 2018, the United States began imposing sanctions on Iran, which is rich in oil under tough economic conditions.  The United States has lifted sanctions on Iran after reaching an agreement on Iran's nuclear program in 2015.  US sanctions include various economic, financial and industrial sectors, especially the oil sector, which is the main source of income for hard currency needed by Iran.  Washington has said it seeks to make Iran's oil exports zero. The new US exemption comes a week after Iranian President Hassan Rowhani visited Iraq at the head of a high-level delegation with 22 agreements and a memorandum of understanding with Baghdad.  Rohani said after the visit that "no one can affect the relationship between Iran and Iraq," a reference to America.  Ended   m h n

[yota691]

Iran: Trade with Iraq will rise to 20 billion dollars

 

Wednesday 20 March

 

 

The  Iranian trade development organization said on Wednesday that due to Iraq'sreconstruction and the development of the tourism industry between Iran and Iraq, Iran could achieve the target of 20 billion dollars for trade exchange between the two countries.  Speaking to the Iranian Fars news agency on how to reach a $ 20 billion trade with Iraq, Mohammad Reza Mudoudi, in connection with trade with Iraq, has created good opportunities, so when a $ 20 billion trade with Iraq is raised, Not limited to exporting goods.   He pointed out that in order to achieve a trade exchange of 20 billion dollars with Iraq, it is necessary to consider the export of a range of goods and services, adding: So in order to reach this size must be paid attention to exports of liquefied gas, tourism, electricity and various services.  He pointed out that the current volume of trade exchange between Iran and Iraq amounts to about 13 billion dollars, with 8.5 to 9 billion dollars of which is linked to the export of goods. The rest is related to the export of technical services - engineering, tourism and electricity, pointing to the Iranian president's visit to Iraq. Set the target of trade exchange of 20 billion dollars between the two countries during the next two years. He said Iran exported 2.5 billion dollars of liquefied natural gas (LNG), about one billion dollars of electricity per year to Iraq. In addition to the revenues from Iraqi tourists visiting Iran, it is possible to say that the volume of trade relations with Iraq is between $ 13 billion and $ 14 billion annually , And given the issue of reconstruction of Iraq and the theme of tourism, it could raise this size to 20 billion dollars.  He said the trade balance with Iraq was in Iran's best interests. In exchange for $ 8.5 billion of goods exported to Iraq, Iran imported $ 50 million worth of goods from Iraq during the first 11 months of the current Iranian year (ending March 20, 2019) . He added that Iraq should enjoy its share of trade with Iran and whether Iraq could achieve revenues of 3 to 4 billion dollars from Iranian visitors and tourists. We have been able to raise the volume of our exports to Iraq to between 16 and 17 billion dollars, $ Of trade has been achieved.

[yota691]

Iran goes beyond China and Turkey to export to Iraq

 

Saturday 13 April

 

 

Alsumaria News / Baghdad  announced that the Minister of Industry, Mining and Trade Reza Rahmani, Saturday for Iran exports for the first time first place a list of exporters to Iraq.  "The status of Kermanshah in the border region gives it unprecedented export opportunities, as more than half of what was exported to Iraq during the past year was through the ports of the border province," Rahmani was quoted as saying during a visit to a packing factory and a carpet factory in Kermanshah, western Iran. "He said. Rahmani stressed that "the need to pay attention to the export of Iraq during this year more seriously," adding that "the export of neighboring countries should be a priority."  "Iran is the first in the list of exporters to Iraq," he said, calling for "to maintain this position by taking advantage of all possibilities because rivals such as Turkey and China are following Iran by a small margin."  The province of Kermanshah in western Iran and has a common border with Iraq length of 371 km and more than half of Iranian goods exports to Iraq are through its border ports.

[yota691]

Iranian journalist: Baghdad has refused to export Iranian goods as an Iraqi to avoid international sanctions on Iran

 

Iranian goods in the Iraqi market "Internet"

money and business Economy News Baghdad TEHRAN (Reuters) - An Iranian journalist on Saturday discussed attempts by his country's authorities to cover up a news conference in which Iraqi Prime Minister Adel Abdul Mehdi held talks to highlight the outstanding issues between Baghdad and Tehran over economic cooperation between the two countries. The Iranian journalist, Farzad Qasimi, in a report, published by the "Nass" and viewed by "economy News", "The authorities in Iran did not announce the reason for trying to cover up a news conference of Abdul Mahdi, but a diplomatic source participated in the meeting confirmed that the reason for the differences And outstanding issues about economic cooperation between the two sides, which prompted them to avoid answering embarrassing questions. " The Iranian journalist stressed that "Abdul Mahdi insisted during the visit to Iranian officials to accept the receipt of dues Iran estimated $ 4 billion for the export of gas and electricity to Baghdad in Iraqi dinar instead of the US currency; to avoid the fall of his government under the sanctions of Washington imposed on Tehran. He added that "the Iranian leaders rejected the offer of Abdul-Mahdi, and suggested in place of the receipt of dues in the European euro," pointing to "another dispute was caused by the Iraqi Prime Minister to include in the contracts of any agreement reached an item allows Baghdad not to implement if it turns out that the project causes a crisis Political with other countries ". He explained that "the insistence of Abdul Mahdi on the items came under scrutiny after reports that talked about Tehran's intention to take advantage of the opening of the road and the railway line between the two countries in the transfer of weapons and troops from Iran to Syria and Lebanon," noting that Abdul Mahdi stressed that "open roads should be limited To facilitate the transit of visitors and goods, and that Iraq can not allow the use of its land to transfer weapons to other countries, which may bring him into trouble with the United States and its Arab neighbors. The Iranian journalist said that "the latest dispute represents the rejection by the Iraqis of an Iranian proposal to allow the transfer of some Iranian raw materials such as oil to the free trade areas to be established by the Iraqi side and can be re-exported as an Iraqi." Views 21   Date Added 13/04/2019

[Synopsis]

23 minutes ago, yota691 said:

"another dispute was caused by the Iraqi Prime Minister to include in the contracts of any agreement reached an item allows Baghdad not to implement if it turns out that the project causes a crisis Political with other countries ".

 

WOWZERS!!!

 

Looks LIKE Prime Minister Abdul Mahdi GOT some SANITY kicked IN HIS KEESTER HARD AND PRONTO TONTO!!!

 

      

 

Pivot TO The Unites States Of America by NONE OTHER THAN the Bicraqi Iraqi!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!

 

      

 

EVERBODAE' KNOWS things are MUCH MO BETTAH with The United States Of America THAN the Insanians to INCLUDE the Insanian IRGC!!!

 

      

 

WOOO HOOO!!!

 

      

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

   

[Floridian]

Looks like the romance is off, between Iraq and Iran.   

'Bout time Iraq wised up.   

[yota691]

Iranian official reveals important challenges in trade with Iraq

History of edits:: 2019/5/15 18:16 • 312 times readable

The joint Iranian-Iraqi Chamber of Commerce chairman Yahya Al-Ishaq said that joint investments support the continuation of trade exchange between the two countries, hoping to raise the exchange ceiling to 20 billion dollars.

At a meeting of the committee on Wednesday, Al-Ishaq said that one of the important challenges in the field of trade between Iran and Iraq is the issue of guarantee and risk to exporters, where we hope to address this issue. 
He added that if the necessary concessions are made, we hope to raise the ceiling of trade cooperation between the two countries to the planned figure of 20 billion dollars. 
He noted that the largest share of trade between Iran and Iraq is concerned with Iran , "he said , adding that he and for the sustainability of this cooperation Iraqis asked not to be trade from one side and they are asking for even export some goods who are able to produce the Iranian market. 
He said that the Iraqi market trends tend to employ investments where Therefore, those who are active in the Iraqi market should pay attention to this point, thinking about joint investments in Iraq.
He said that the issue of transit and re-export with Iraq should be resolved and said that measures have been taken in this area, but the problem of laws and regulations in Iraq is still in place.

[yota691]

Iran is considering a mechanism to collect foreign currency realized through exports to Iraq

13:28 - 22/05/2019

 

  

BAGHDAD - 
The Secretary-General of the Iranian-Iraqi Chamber of Commerce Hamid Hosseini announced on Wednesday the search for a different mechanism to collect the proceeds of foreign currency exports of goods to Iraq. 
"According to a circular issued by the Central Bank of Iran, it is decided that exporters will benefit from the potential of Iranian banks in this country, in order to pay the dinar and receive the Iranian riyal," Hosseini said in a statement. 
He pointed out that he "discussed with the Governor of the Central Bank ways to find a different mechanism to restore currency to the country." Ending / 25

[yota691]

Iran suspends export of goods through border port with Iraq

 

money and business Economy News _ Baghdad Iran's customs authority said on Wednesday it suspended shipments of goods through the Sumar border post with Iraq until further notice.  This came in a circular issued by the head of the Iranian Customs Service to all executive customs, reported by the news agency "Fars".  The circular, according to the agency, also prevented the sending of any export goods to the port of Sumar, in response to an official letter sent by the Kermanshah Customs Organization on 19 May. Views 17   Date Added 22/05/2019

[Butifldrm]

 

2019/05/22 14:09

• Number of readings 11
• Section: Iraq
•  

Iran is considering a mechanism to collect foreign currency achieved through exports to Iraq

The Secretary General of the Iranian-Iraqi Chamber of Commerce announced on Wednesday, May 22, 2019, the search for a different mechanism to collect the proceeds of foreign currency from exports of goods to Iraq.

Hamid Hosseini told Fars news agency that according to a circular issued by the Central Bank of Iran, it was decided that exporters to Iraq would benefit from the possibilities of Iranian banks in this country in order to pay the dinar and receive the proceeds from the Iranian riyal.

He noted that he discussed with the Governor of the Central Bank ways to find a mechanism to retrieve the currency.

Follow the obelisk-agencies

 

http://almasalah.com/ar/news/171527/ايران-تبحث-آلية-لتحصيل-العملة-الاجنبية-المحققة-عبر-الصادرات-للعراق

 

[Butifldrm]

Iran is considering a mechanism to collect foreign currency realized through exports to Iraq

13:28 - 22/05/2019

0

BAGHDAD - 
The Secretary-General of the Iranian-Iraqi Chamber of Commerce Hamid Hosseini announced on Wednesday the search for a different mechanism to collect the proceeds of foreign currency exports of goods to Iraq. 
"According to a circular issued by the Central Bank of Iran, it is decided that exporters will benefit from the potential of Iranian banks in this country, in order to pay the dinar and receive the Iranian riyal," Hosseini said in a statement. 
He pointed out that he "discussed with the Governor of the Central Bank ways to find a different mechanism to restore currency to the country." Ending / 25

https://www.almaalomah.com/2019/05/22/407665/

[Butifldrm]

Iran reduced the volume of its exports to the Kurdistan Region

From before 2 hours ago

One of the commercial markets in the cities of Kurdistan Region

Roudao - Sulaymaniyah

The spokesman for the Federation of Kurdistan Investors that the economic sanctions against Iran have significant effects on the Kurdistan region also, and is expected to add Iran in the coming days new elements to the list of goods and foods that prevent export, which will increase those effects.

"Since the tightening of economic sanctions against Iran, the effects of these sanctions on the markets of the Kurdistan Region in general, and the province of Sulaymaniyah in particular, were not very clear at first, but we can say Now that it hit the market Sulaymaniyah recession, and if it continues at this pace, the Kurdistan Region will be forced to stop dealing with Iran, and will highlight these effects more clearly. 

The volume of annual trade exchange between the Kurdistan Region and the Islamic Republic of Iran is close to seven billion dollars, and 70% of this trade is carried out through the border crossing points within the borders of Sulaymaniyah province.

Mahmoud said that it is not limited to the volume of trade exchange, and we are now aware of why Iran canceled entry visas between them and the Kurdistan Region and Iraq, "the Iranians began to flow on the Kurdistan region and caused the high unemployment rate, because the work performed by the local worker for $ 500 a month , Is done by the Iranian worker for only $ 250, and companies do not occupy any workers as long as Iranian labor is available.

After the emergence of the financial crisis in the Kurdistan Region, many foreign companies returned to their country and left their work in the Kurdistan Region. A number of traders and capitalists have transferred their capital to Iran, including a trader who invested $ 1 billion there. As Mahmoud explains, these sanctions turned into a disaster for businessmen and merchants. "Some of them bought property in Tehran "We have had a project in which we lost more than $ 1 million, and in general those who went to Iran are facing great losses."

When all the doors are closed to Iran, it will have to keep a section of its goods and stop exporting them. The spokesman for the Kurdistan Investors Union says: "The goods that Iran continues to export have reduced their quality levels so that they no longer benefit. Kurds will only go towards Turkey, which will lead to higher prices. " 

On the other hand, the President of the Federation of Importers and Exporters in the Kurdistan Region, Sheikh Mustafa Abdul Rahman, that the tension between Iran and America spreads concern in the markets of the Kurdistan Region, "Kurdish traders have been in the past contracts contracts ranging between one and three years with Iranian merchants and factories, but Now they have contracts ranging from one to three months for fear of bankruptcy and closure of these factories. "

"Iranian factories no longer have the same production capacity, because raw materials, not agricultural products, were often imported from outside Iran," he said. "Factories are losing as a result of the ban on imports of these raw materials and the exchange rate of the Iranian riyal." 

Over the past two years, more than $ 100 million of Kurdish traders' money was confiscated by Iranian merchants and the money was not returned to their owners. When Iranian Foreign Minister Suleiman al-Sulaymaniyah visited, he promised to solve the problem, but no part of the money was returned to the owners. 

"Traders are not transferring funds to Iran through banks and remittance offices, they are paying directly, and they are not sending their money to Iran unless they are sure they are fully guarded," he said.

The report is prepared by Jamal Ahmed Jamil

http://www.rudaw.net/arabic/business/210520193

[6ly410]

Iran to Set Up Financial Channel to Return Exports Revenues from Iraq

http://en.farsnews.com/newstext.aspx?nn=13980301000919

 

TEHRAN (FNA)- A senior Iranian economic official announced that his country will launch a special financial channel to return the revenues from exports to Iraq.

Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini made the remarks on Wednesday.

Talks are underway for the exemption of outsourcing currency of exporters of fresh fruits and vegetables, he added.

Asked how exports revenues are to be brought back home in the current year, Hosseini said, “Following the coordination made with the governor of Central Bank of Iran, we are seeking to launch a different financial channel for inflowing currency obtained from exports to Iraq.”

Also, it was agreed that Iranian exporters of products to Iraq make use of services provided by Iranian banks in neighboring Iraq, he said.

Iraqi Power Minister Luay al-Khateeb announced earlier this month that Baghdad had informed the US that it would not comply with the US’ unilateral sanctions against Tehran as the Arab country still needed Iran’s gas and electricity.

Al-Khateeb said in response to US demand to cut oil and gas imports from Iran that his country would need them for at least three years.

Talking to Iraqi media outlets, he reiterated that Iraq would need two or three years to achieve self-sufficiency in the field, which would be possible only if big projects were implemented.

“Iraq has told the Americans it currently needs to import gas and electricity from Iran, as it is importing close to 1,200 megawatts of electricity as well as gas for generating 2,800 megawatts of electricity from the country,” al-Khateeb said.

If the big projects were executed within the next two or three years, “we will need no imports from Iran”, he said

Edited May 23, 2019 by 6ly410

[yota691]

Iran: The inauguration of a branch of the Iraqi-Iranian Chamber of Commerce in Ilam Province

Economy | 06:00 - 03/06/2019

 

 

 

BAGHDAD - A 
joint branch of the Iran-Iraq Chamber of Commerce opened at the headquarters of the Chamber of Commerce in Iran's western province of Ilam on Saturday, in the presence of officials from both countries. 
"In the province of Ilam, west of Iran, a branch of the Iran-Iraq Joint Chamber of Commerce was inaugurated in the presence of officials from both countries," Tasnim International reported. 
"There are Iraqi and Iranian merchants, especially the Ilamians, who have high-level working relations," said Shaaban Farutan, head of the Chamber of Commerce, Industry and Mining in Ilam Province. 
"There are many problems and obstacles facing Iranian and Iraqi traders," he said. "The inauguration of this joint room between Iran and Iraq will reduce the problems facing the traders of both countries," he said.
"The Iran-Iraq Chamber of Commerce will do its work away from mediation, and traders can follow issues related to their problems through this room," he said. 
He expressed his hope that the launch of this joint chamber of commerce will expand and strengthen trade relations between Iranian and Iraqi merchants, as well as remove the obstacles facing both parties. 
In turn, the head of the Iranian-Iraqi Joint Chamber of Commerce Yahya Al-Ishaq said that "the launch of this branch will undoubtedly lead to the upgrading of economic and trade activities between Iran and Iraq." 
"The removal of problems and obstacles and the flourishing of commercial activities between the two countries necessitated the inauguration of a branch of the Iran-Iraq Chamber of Commerce in the province of Ilam, where this was achieved today," he added.

[yota691]

Iran seeks to raise its exports to Iraq to 30 billion dollars

 

money and business Economy News _ Baghdad Iran's exports to Iraq are expected to rise from $ 9 billion to $ 30 billion, Mohsen Rezai, secretary of Iran's Expediency Council, said on Sunday.  "Iran's exports to Iraq last year, amounting to 9 billion dollars, could be raised to 30 billion," Rezai said.  "Along with political and defense resistance, we have to have trade resistance as well," he said. "The administration of the country must get out of the air and we should not wait for what the Europeans and the Americans are doing."  He stressed the need to "take advantage of the opportunity to reduce oil exports to activate the other aspects of the economy and industrial development in the country." Views 11   Date Added 09/06/2019

[yota691]

Iran and Iran sign memorandum of cooperation on free trade

 

money and business Economy News _ Baghdad The Supreme Council of Iranian Free Trade Zones and the Federation of Exporters and Importers of the Kurdistan Region of Iraq signed a memorandum to develop bilateral cooperation.  The signing ceremony was attended by Akhtar Aftakhari, assistant director of production, export and technical affairs of the secretariat of the Supreme Council for Trade Zones and Mustafa Abdulrahman, president of the Union of Exporters and Importers in the Kurdistan region of Iraq.  At the ceremony, Eftakhari said free trade zones in Iran had about 1,000 industrial production units, while special economic zone exports amounted to about 20 billion dollars a year.  He considered that the memorandum signed represents a bridge for the export of goods through the Kurdistan region to other countries, and to provide the requirements of traders and producers of the two countries.  For his part, Sheikh Mustafa Abdul Rahman, head of the Union of Exporters and Importers in the Kurdistan region, said that Iraq has 7 memorandums of cooperation with the Islamic Republic of Iran, adding this new memorandum. He pointed to the US embargo against Iran, stressing the readiness of the region to strengthen cooperation in order to secure basic commodities. Number of Views 11   Date Added 11/06/2019

[yota691]

Consultations to facilitate Iranian exports to Iraq

Release date: 2019/6/18 9:26 • 200 times read

(Basra: Euphrates News) The Iranian Consul General in Basra, Ahmed Seahbush, on Tuesday, consultations to facilitate the export of goods to Iraq.

"There are exceptional opportunities in Iraq for Iranian traders and exporters, especially investors in the Arund Free Zone," Sayyahboush said during his meeting with Arun Al-Hurri, assistant to the Investment Free Zone. 
He added that "the representative of the Islamic Republic in the province of Basra is ready to follow up the potential problems of Iranian businessmen, investors and companies located in Iraq." 
He pointed out that "there is good cooperation between the security authorities and the Iranian economy and Iraq in the border areas," stressing the need to "expand cooperation between Iran and Iraq in all fields 
The exports of goods through the Arround Free Zone to Iraq during the first two months of this year increased by 30% in terms of financial value, compared to the same period last year

[yota691]

Iranian official: We exported goods and services to Iraq worth 13 billion dollars

16:11 - 04/07/2019

 

  

Information / Translation ...

Iran has exported 13 billion dollars worth of goods and services to Iraq during the Iranian calendar year that ended in March 2019 , the head of the Iranian-Iraqi Chamber of Commerce Yahya al-Aash said .

"The value of Iranian exports to Iraq increased by 37 percent over the 12-month period, and a large part of Iran 's exports to Iraq are technical and engineering services by companies ," Al-Ashaq told IPS television in an interview. From the Iranian private sector. "

He added that "Iranian contractors have received more than 4 billion dollars of projects in the construction and industry in Iraq and more than half of those contracts are being implemented."

He added that "the value of Iran 's exports to Iraq could achieve a target of 20 billion dollars in the near future," noting that "there are some unusual areas of cooperation between the two neighboring countries."

"Iran's exports to Iraq came against the background of weak trade with Europe over the past years," he said, revealing that " Iran exported only one billion dollars of goods and services to European countries in the 12-month period ending last March."

The comments came after Iraq announced that it had launched its own financial mechanism to settle payments with Iran amid some unprecedented sanctions imposed by the United States on Tehran's commercial and banking activities. This mechanism would allow Iraq to pay for Iranian energy costs in dinars and deposit them in an Iraqi account, then allow Iran to use credit To buy goods outside the country. Ending / 25 z

[yota691]

Iran discloses the value of its exported goods to Iraq within 100 days

Political | 06:25 - 06/07/2019

 

 

 

Follow - up - the balance of News 
revealed Secretary General of the joint Iraqi - Iranian Chamber of Commerce, Hamid Hosseini, Saturday, for the export of goods to Iraq worth $ 2.5 billion in the last 100 - day growth of 20 percent year on year. 
"The export of goods recorded an average of 25 million dollars a day," Hosseini said, adding that "the priority is to expand the scope of trade relations in the field of industry and services with Iraq".
He added that "the Joint Chamber of Commerce aims to reach the inter-trade volume of 20 billion dollars in the current Iranian year ending 20 March 2020," pointing to "several incentive programs, including the conclusion of an agreement and planning to import goods needed by Iran through foreign currency derived from exports Iraq In cooperation with the Central Bank of Iraq as well as follow-up to meet the receivables of contractors and activate a line of credit worth 200 million dollars for the export guarantee fund to cover the reconstruction projects of this country. 
"The program also aims to develop customs infrastructure, establish commercial and marketing centers in Baghdad, Basra and the Kurdistan region of Iraq, enforce the agreement on the establishment of free industrial border cities, facilitate the issuance of long-term and plural visas to traders and exporters of goods and services, , And passenger transport. "