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


yota691
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 2019/07/06 11:12:52
 

The secretary-general of the Iran-Iraq Chamber of Commerce announced on Saturday the export of goods to Iraq worth 2.5 billion dollars in the past 100 days, growing by 20 percent year on year.

Hamid Hosseini said in a statement to the large Iranian-Iraqi trade forum that the export of goods recorded an average of 25 million dollars a day, and the priority is to expand the scope of trade relations in the industry and services with Iraq.

He stressed that the Joint Chamber of Commerce aims to reach the inter-trade volume of 20 billion dollars in the current Iranian year ending March 20, 2020. He pointed to several incentive programs, including the conclusion of an agreement and planning to import the goods needed by Iran through foreign currency derived from exports Iraq, 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.

Husseini said that the joint programs and priorities of the Chamber also include the development of customs infrastructure, the creation of Iranian commercial and marketing centers in Baghdad, Basra and the Kurdistan region of Iraq and the implementation of the agreement on the establishment of free industrial border cities, as well as facilitating the issuance of long-term and plural visas for traders and exporters of goods and services, And passenger transport.

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Iran to export goods to Iraq worth $ 2.5 billion

2019/07/06 19:31

 

http://almasalah.com/ar/news/174308/إيران-تعلن-تصدير-سلع-إلى-العراق-بقيمة-25-مليار-دولار

BAGHDAD - The Secretary-General of the Iran-Iraq Chamber of Commerce announced on Saturday, July 6, 2019, the export of goods to Iraq worth 2.5 billion dollars in the past 100 days, growing by 20 percent year on year.

"The export of goods recorded an average of 25 million dollars a day, and the priority is to expand the scope of trade relations in the field of industry and services with Iraq," Hosseini said in a statement.

He added that "the Joint Chamber of Commerce aims to reach the inter-trade volume of 20 billion dollars in the current Iranian year, which ends March 20, 2020."

Hosseini pointed out that "there are several incentive programs, including the conclusion of an agreement and planning for the import of goods needed by Iran through foreign currency derived from Iraq's exports in cooperation with the Central Bank of Iraq as well as follow-up of the payment of contractors and the activation of a credit line of $ 200 million, Reconstruction projects of this country ".

He explained that "the programs and priorities of the Joint Chamber also, the development of customs infrastructure and the establishment of commercial and marketing centers of Iran in Baghdad, Basra and the Kurdistan region of Iraq and the implementation of the Convention on the establishment of free industrial border cities as well as facilitate the issuance of long-term visas and pluralism of traders and exporters of goods and services, , And passenger transport. "

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Iraq and Iran sign memorandum of understanding to develop business activities

Economy 08:42 - 06/07/2019

 

https://www.mawazin.net/Details.aspx?jimare=54116

 

Baghdad - Mawazine News
On Saturday, Iraq and Iran signed a Memorandum of Understanding (MoU) to develop business activities between the two sides, including 13 paragraphs covering various trade, technical, engineering, tourism and economic aspects.
According to Anbar Fares, a memorandum of understanding was signed on Saturday evening to develop trade activities between the Iranian province of Kurdistan and Sulaymaniyah province in northern Iraq, in the presence of the Kurdistan and Sulaymaniyah Governors, within 13 paragraphs covering various commercial, technical, engineering, tourism and economic topics .
During the signing ceremony of the memorandum of understanding, the deputy governor of Kurdistan in political and security affairs, Khosh Iqbal, said that "the work that must be carried out in connection with the port of" Siraband "border and the transit of passengers, is underway in full swing.
"The Iranian government has agreed to this, and now we have to get the approval of the other side, because all the possibilities and arrangements to carry out this important are available from our country," Iqbal said on the reopening of the border since Saif.
He expressed his hope that the expectations will be communicated between the two governments and that the governor of Sulaymaniyah will follow up on this issue.

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Iran announces increased exchange of goods through port with Kurdistan

Political | 03:39 - 09/07/2019

 
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BAGHDAD (   
Reuters) - Over the past three months, 428,802 tons of goods and goods valued at 1 billion, 151 million and 608,000 dollars have been transported through the border port of Bashmak, the director of the customs department in the province of Kurdistan in western Iran confirmed. 
"During this period, 13,332 tons of Iranian goods were exported to the Kurdistan region of Iraq through the border port of Bashmak," Rahmani Bour said in a statement. 
He is the largest port of Bashmak in the province of Kurdistan (western Iran) along the Kurdistan region of Iraq

 
 
 
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  • yota691 changed the title to Zarif: Iraq is now our big trading partner
Release Date:: 2019/8/18 9:12 • 307 read times
Zarif: Iraq is now our big trading partner
"Iraq is now our big trading partner," Iranian Foreign Minister Mohammad Javad Zarif said.
"Our active diplomacy continues," Zarif said in a tweet on Twitter. 
The Iranian foreign minister went to Kuwait on Saturday and met with members of the Kuwaiti-Iranian Friendship Society. 
It is noteworthy that the volume of trade exchange between Iraq and Iran amounts to 8 billion dollars annually and Tehran aspires to raise it to 20 billion dollars in the next few years.
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  • yota691 changed the title to Iran reveals the value of its exports to Iraq during the past year

Iran reveals the value of its exports to Iraq during the past year

Economy | 06:01 - 22/08/2019

 
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BAGHDAD - 
Iran's exports to Iraq totaled 9 billion dollars last year, the head of Iran's Kermanshah Chamber of Commerce said Thursday. 
"During the past year, Iran's exports to Iraq for the first time amounted to about $ 9 billion including 3 billion across Kermanshah province. " 
"Maintaining this volume of exports needs ways to support such meetings," he said. 
He added that joint investments and exports of raw materials and the establishment of factories to collect (montage) some Iranian goods in Iraq, "among the strategies of Iran to develop exports to Iraq," adding that "
"During President Rouhani's recent visit to Iraq, it was agreed to establish three joint trade centers between the two countries, one of which will be in Kermanshah," he said. 
"The volume of transit between Iran and Iraq can reach five times," he said, adding that he hoped to cancel the visa between the two countries in light of the increasing transactions and the strengthening of relations between them.

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  • yota691 changed the title to Iran reaches the volume of exports of goods to Iraq for one billion dollars per month
 
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 money and business


Economy News _ Baghdad

Economic reports said that the volume of exports of Iranian goods to Iraq approached an average of one billion dollars per month. 
According to Hamid Hosseini, Secretary-General of the Iranian-Iraqi Chamber of Commerce in statements to him, has confirmed the export of goods with an average of 30 million dollars per day to Iraq and up to one billion dollars a month, which means that the value to about 12 billion dollars annually.

However, while the value of exports of Iranian goods is positive for Tehran, Hosseini said that exports so far in 2019 have fallen from the level recorded in 2018 for several reasons not elaborated.

Hamid said that the fluctuation of the exchange rate of the Iranian riyal against the dollar, as a result of US economic pressure, has affected the position of Iranian goods in the Iraqi market, as after efforts described as "painstaking" has been restored the status of many Iranian goods and directed to Iraq as strong as tomato paste and dairy.


Views: 57   Date Added: 27/08/2019

 
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  • yota691 changed the title to Iran exports non-oil goods worth 3.2 billion dollars in one month
2019/09/07 09:59:24 AM 93

Iran exports non-oil goods worth 3.2 billion dollars in one month

Iran exports non-oil goods worth 3.2 billion dollars in one month

 

Baghdad / Al-Ghad Press:

 Iranian non-oil goods exports recorded $ 3.2 billion in the Iranian month of Mirdad, which ended August 22, up 3.2 percent month-on-month, according to a report by the Tehran Chamber of Commerce.

 

 

"Exports fell by 16% compared to the corresponding period in 2018," the data published by Iranian media said on Saturday.

On the other hand, Iran imported $ 3.4 billion in goods, down 8.1 percent year-on-year.

 

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 2019/09/08 05:49:45
 

The acting head of the Iranian Trade Development Organization announced the export of goods to 15 neighboring countries worth $ 24 billion in the export year ending March 21, 2019.

"Iran aims to boost exports to China and India alongside the 15 neighboring countries of the Caspian Sea, the Persian Gulf states, Afghanistan, Iraq, Pakistan, Azerbaijan and Armenia," Hamid Zadboom said in a speech at a meeting in the western province of Hamadan.

He pointed out that the Iraqi, Lebanese and Syrian export markets are ideal for four Iranian provinces, Kermanshah, Ilam, Lorestan and Hamadan, which lies in western Iran.

He stressed that Iran aims to raise commodity exports to Iraq to 25 billion dollars up from the actual level of 10 billion dollars and to achieve this requires increasing exports of the four provinces to 7 billion dollars.

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  • yota691 changed the title to Tehran: Iran ranks first in the export of goods to the Iraqi market now
Source:
 
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The Secretary General of the Iranian-Iraqi Joint Chamber of Commerce announced that Iran ranks first in exporting goods to the Iraqi market now.

In a speech at the Forum on Trade with Iraq and Horizons 2020, Hamid Hosseini said that trade competitors are seeking to open offices in Iraq to gain the first place in this market, while exports of Iranian goods such as dairy, cars, moisture and other insulation occupies a good place in it.
 

He pointed out that 25 Iranian commodity groups specified by the Customs Authority are exported to Iraq.

Hosseini stressed that Iran aims to find joint industrial cities with Iraq, and through which it seeks to export goods to other countries.
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  • yota691 changed the title to Iranian bank opens 7 branches in Iraq
Date of edit:: 2019/9/29 14:35 • 71 times read
Iranian bank opens 7 branches in Iraq
The head of the Association of private banks in Iran, the issuance of an Iranian bank licenses to open 7 branches in Iraq, in the framework of export subsidies.
In a speech at the Forum on "Export Finance for the Iraqi Market" on Sunday, Kurush Prozian said that the private Iranian bank did not mention his name, has obtained the necessary licenses from the Central Bank of Iraq to open 7 branches, where two branches have been established, with a capital of $ 50 million each.
The president of the Association of private banks and credit institutions of Iran, said that the Association is ready to form a consortium (alliance) to finance export projects such as technical and engineering services for Iraq. 
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Iranian bank opens 7 branches in Iraq

Political | 03:06 - 29/09/2019

 
image
 
 

 

BAGHDAD - 
The head of the Association of Private Banks, announced on Sunday, the issuance of an Iranian bank licenses to open seven branches in Iraq, in the framework of export subsidies for the latter.
In a speech at the Forum on "Export Financing for the Iraqi Market" today, Kurush Prizian said that "the private Iranian bank, did not mention his name, has obtained the necessary licenses from the Central Bank of Iraq to open 7 branches, where two branches have been established, with a capital of 50 million dollars each."
The president of the Association of Iranian private credit institutions and banks, that the Association is ready to form a consortium (alliance) to finance export projects such as technical and engineering services for Iraq.

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Iranian bank invasion of Iraq with 7 branches down payment

 Sunday 29 September 2019
 
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logo-Lamsat.png

 

Baghdad - Writings

Invasion of an Iranian banker with the opening of many branches of banking for Iraq worth 50 million dollars at least per arm.

On the sidelines of the Forum on “Export Financing for the Iraqi Market,” the head of the Association of Private Banks in Iran, Kurush Brizian, said on Sunday that a private Iranian bank had obtained licenses to open seven branches in different parts of Iraq.

The Iranian banking official confirmed that this step comes within the framework of supporting Iranian exports to Iraq.

He continued by saying that the 7 branches of the Iranian private bank and only one got its licenses in full from the Central Bank of Iraq.

The head of the Association of Private Banks and Credit Institutions of Iran explained that the Association is ready to form a huge banking alliance to finance export projects such as providing technical and engineering services to Iraq.

https://kitabat.com/news/غزو-مصرفي-إيراني-للعراق-بـ-7-فروع-دفعة-أ/

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  • yota691 changed the title to The Lebanese Bank issues a list of the items that the dollar will import
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BEIRUT (Reuters) - Lebanon's central bank issued a new directive on the import of basic goods on Tuesday, saying it was ready to provide the dollar to import a range of goods, amid a dollar crisis in Lebanon.

The Governor of the Central Bank of Lebanon, Riad Salameh, in a circular circulated to the Lebanese banks, expressed the central readiness to allocate the dollar for the import of oil derivatives, wheat and medicines, through credits and documentary policies.

The circular authorized banks in Lebanon to open documentary credits exclusively for the import of these products. The Central Bank will secure the value of the documentary credits in dollars. The Central Bank will take a commission of 0.5% for each transaction.
 

Banks were also required to ensure that the documentary credits covered were exclusively for the import of the goods referred to for domestic consumption.

It is noteworthy that Lebanon is witnessing a wave of protests due to the deterioration of economic conditions and the scarcity of the dollar in the markets.
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17379.jpg
Riad Salameh Governor of the Central Bank of Lebanon in Beirut. Reuters
  

 Arabic and International


Economy News - Baghdad

Lebanon's central bank governor said on Monday a circular issued by the central bank on Tuesday would ease pressure on US dollar demand at exchange firms.

Salameh also said after meeting with Lebanese President Michel Aoun that the central bank is managing the foreign currency needs of the public and private sectors and "will continue to do so at the fixed rates announced by the central bank unchanged."

Salameh said the circular, to be issued on Tuesday, would regulate the provision of the dollar "to banks at the official rate to secure the import of gasoline, medicine and flour."

The Lebanese pound has been pegged to an exchange rate of $ 1507.5 for more than 20 years.


Number of Views 101   Date Added 30/09/2019

 
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  • yota691 changed the title to A mechanism to settle Iraq's debts .. Is Iran's trade under US control?

A mechanism to settle Iraq's debts .. Is Iran's trade under US control?

10 hours ago

  •  

Iranian circles warned that the Iraqi bank is one of the most Iraqi banks to implement the US sanctions (Al Jazeera)

Iranian circles warned that the Iraqi bank is one of the most Iraqi banks to implement the US sanctions (Al Jazeera)

 

Jazeera Net-Tehran

Iranian circles warned of the repercussions of the financial mechanism to pay the sale of gas and electricity to Iraq, and described the acceptance of the restrictions as a bow to US sanctions, while others called for the establishment of joint industrial cities to export Iranian goods to other countries.
 
Eight months after the Central Bank of Iran and its Iraqi counterpart signed an agreement to launch a financial mechanism to repay debts owed to Tehran, economic crises stemming from US sanctions continue to hamper the work of Iraqi institutions with Iranian parties.
 
While the Iraqi side announced that the activity of this mechanism will be by depositing the government of Baghdad equivalent of Iranian receivables in the Trade Bank of Iraq in Iraqi dinars, Iranian circles warned that the Iraqi bank is one of the most Iraqi banks to implement the US sanctions, as well as that the Iraqi side still refuses to withdraw Tehran That money from his bank.
 
The Iranian newspaper "Ibtikar", the Persian-speaking, quoted a senior Iraqi official - anonymity - that Iran is not entitled to withdraw its dues from the Trade Bank of Iraq, but will be allowed only to buy goods not covered by the sanctions, such as food and medicine, from outside Iraq.
Observers suggested the establishment of a branch of an Iranian bank in Iraq instead of the Trade Bank of Iraq (Getty Images)
Observers suggested the establishment of a branch of an Iranian bank in Iraq instead of the Trade Bank of Iraq  (Getty Images)

Negative Implications
For his part, warned political scientist Mehdi Mazhar, the negative repercussions of the work of the mechanism on economic relations between Iran and Iraq, describing the
acceptance of restrictions and not allow Iran to withdraw its funds as a bow to US sanctions.

He pointed out that the relationship of the Bank of Iraq with US banking institutions, is a pressure card, however, the US administration will exploit for the benefit of its policies, which means increased US dominance over Iraqi-Iranian trade.

According to Mazhar, the "Iraqi Instex" mechanism (similar to the European Instex mechanism to support trade with Iran away from US sanctions) chooses Iran between the accumulation of its dues due to the continued supply of electricity and gas to the Iraqi government in the Trade Bank of Iraq, or the loss of the energy market to its western neighbor if it decided Reduce its exports of electricity and gas to Iraq.

Observers in Iran suggest the establishment of a branch of an Iranian bank in Iraq to replace the Trade Bank of Iraq, to prevent the arrival of bilateral trade data to America and prevent it from controlling the economic cooperation between Tehran and Baghdad, and there are those who see an Iraqi bank that is not subject to US sanctions an appropriate option To do the job.

In the context, announced the President of the National Bank of Iranian banks and Rosh Perwizian, last week, that an Iranian bank has obtained permission from the Central Bank of Iraq to establish seven branches in Iraq, and that this step came to support Iranian exports to Iraq.

The Iranian official announced the readiness of banks and private financial institutions in his country to provide the necessary financing for the export of technical and engineering services to Iraq.

Iraqi Ambassador in Iran revealed the continuation of negotiations between the Central Bank of Iraq and its Iranian counterpart until a solution is reached (Iranian press)
Iraqi Ambassador in Iran revealed the continuation of negotiations between the Central Bank of Iraq and its Iranian counterpart until a solution is reached (Iranian press)

Complexity and Intervention
On the other hand, explained economic researcher Mehdi Azraqi that the US bank
"JP Morgan" the US oversees all transactions of the Trade Bank of Iraq as the founding body, which will open the door wide for American intervention even on the purchase of goods not covered by the sanctions.

According to economic observers, the Iranian government has tried to find mechanisms for financial exchange with some countries that want to cooperate with them, such as the European mechanism "Instex", before confirming the feasibility of the latter.

Azraqi expressed his belief that the Tehran government increased trade cooperation with Baghdad complicated by accepting the restrictions of the mechanism without taking the repercussions and threats of its work, pointing out that Iran was getting its dues from Iraq after a period of delay without the United States any way to monitor it.

Continuing negotiations
on other hand, revealed Iraqi ambassador to Tehran Saad Jawad Qandil, for continuation negotiations between Iraqi central and his Iranian counterpart to reach a solution to payment Iranian receivables, stressing that what known Iraqi Balancetks is only one proposals to pay off debt.

The Iraqi diplomat said that the aim of the mechanism is to develop solutions for the receipt of Iran's rights from debt, but in the form of humanitarian materials to be dealt with legally within the US sanctions and exemptions in the humanitarian field.

The ambassador said in a press statement, that there are mechanisms proposed to pay Iranian export funds such as dealing with non-dollar and dealing in the Iraqi currency, but did not announce officially, stressing that Iraq continues to request gas and electricity from Iran.

 

 Some circles fear Iran will lose its energy market to neighboring Iraq
 Some circles fear of losing Iran 's energy market , its neighbor Iraq  (Al - Jazeera)

Joint industrial cities
As revealed by the Iranian Oil Minister Begin Zanganeh, that his country's dues due to the export of electricity and gas to Iraq amounted to two billion dollars.

Critics described the Iraqi Instex mechanism as useless, given that the volume of Iranian imports from Iraq is very small compared to its exports.

In a move that could raise Iranian imports through Iraq as well as open a door to circumvent U.S. sanctions, the head of the Iranian-Iraqi Joint Chamber of Commerce Hamid Hosseini urged the Iraqi and Iranian sides to establish joint industrial border cities, to enhance bilateral economic cooperation and provide the necessary ground for exporting Iranian goods to other countries.

Iraq is Iran 's second trade partner after China, with the volume of trade between the two countries currently $ 10 billion annually, while Tehran is looking to raise the volume of trade with Iraq to twenty billion during the next stage.

Source: Al Jazeera

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  • yota691 changed the title to Iran: More than $ 4 billion of our exports to Iraq in six months
 
 
 2019/10/12 12:35:50
 

Director of the Bureau of Arab and African Affairs in the Trade Development Organization of Iran Masoud Kamali Erdakani said on Saturday that the Arab countries account for about 16 billion dollars of the country's exports to neighboring countries touching $ 24 billion, or about two-thirds.

He said in a press statement today that the main Iranian exports to Arab countries include foodstuffs, minerals, petrochemicals and construction materials.

On the impact of the US embargo on Iran's exports to Arab countries, Erdakani said that the embargo has created restrictions in some markets such as the Qatari market, but it is limited, while exports have seen growth in other markets, where Iran's exports to Iraq amounted to 4.6 billion dollars in the past six months, "Our market share has surpassed regional and international competitors."

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Iraq reveals the biggest obstacle in raising trade with Iran to $ 20 billion

Iraq reveals the biggest obstacle in raising trade with Iran to $ 20 billion

 

Release date:: 2019/10/18 8:44 • 532 times read

An Iraqi official disclosed the main reason for raising trade exchange with Iran to 20 billion dollars annually.

Iraqi Ambassador to Tehran Saad Jawad Qandil said in a press statement that "trade exchange between Iraq and Iran at present amounts to 12 billion dollars annually and there is an agreement between the two countries to enhance cooperation and raise the level of trade exchange from this figure to 20 billion dollars."
"In this case, Iran will be the first trade partner for Iraq, and some paragraphs have been specified to follow to contribute to this promotion and cooperation and raise the level of trade exchange, including the construction of border cities or free trade zones on the borders of the two countries, as well as inviting Iranian commercial companies to rebuild The areas free of terrorism, as well as the issue of zeroing the fees of features, which will improve the tourism sector and trade exchange between the two countries, are the most important agreements between the two countries to raise the level of trade exchange.
"As for the most important obstacles, they are the unilateral economic sanctions imposed by the United States against Iran."
The statement stressed that "there is no time limit on the subject of raising trade exchange to 20 billion dollars and that the talks between the two countries are continuous and ongoing and trade dealings remain without dealing through the dollar and benefit from other currencies and other means of financial exchange."

https://alforatnews.com/modules/news/article.php?storyid=215482

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  • yota691 changed the title to Iraq reveals the biggest obstacle in raising trade with Iran to $ 20 billion

Efforts to raise trade exchange between Iraq and Iran to 20 billion dollars annually

The Iraqi ambassador in Tehran, Saad Jawad Qandil, on Friday, Iraq's efforts to raise trade exchange with Iran to 20 billion dollars annually.

Qandil said in a press statement quoted by the agency "Fars", "Trade exchange between Iraq and Iran at present amounts to 12 billion dollars annually, and there is an agreement between the two countries to strengthen cooperation and raise the level of trade exchange from this figure to 20 billion dollars."
 
 
He added, "Iran will be in this case the first trade partner for Iraq, has been identified some paragraphs to follow to contribute to this strengthening and cooperation and raise the level of trade exchange, including the construction of border cities or free trade zones on the borders of the two countries, as well as inviting Iranian commercial companies to rebuild areas "It will also help to develop the tourism sector and trade exchange between the two countries."
 

He pointed out that the most important obstacles facing this unilateral economic embargoes imposed by the United States against Iran, stressing that there is no time limit on the subject of raising trade exchange to 20 billion dollars and that the talks between the two countries are continuous and ongoing and trade dealings remain without dealing in dollars and taking advantage of Other currencies and other means of financial exchange ".
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  • 4 weeks later...
Iran is increasing its exports to Iraq and losing European markets
 
 
 
 

Iran is increasing its exports to Iraq and losing European markets

 
Tehran - The New Arab

November 11, 2019

 
 
Chairman of the joint chamber of commerce between the detection  of Iran and Iraq , Yahya Al - Ishaq said Iranian exports to Iraq is witnessing "good growth" during the first six months , the current Iranian year (from March 21 / March to September 22 / September) , while declining to  Europe by 75%.


Al-Ishaq said in an interview with the Iranian Fars News Agency that the volume of trade between  Iran and Iraq reached 13 billion dollars last year, revealing that it reached 4 billion and 600 million dollars during the first six months of this year, and is expected to reach the same figure last year. After the end of the second half of the year.

He stressed that the two countries plan to reach the volume of bilateral trade 20 billion dollars in the long run, declaring that the conditions experienced by Iraq "did not adversely affect so far on trade with him and they continue as before," but pointed out at the same time that "if these conditions continue That our exports to Iraq are affected. "

 
 

Al-Ishaq pointed out that his country attaches great importance to trade with Iraq, compared with trade with Europe, to say that "our exports to all EU countries during the first half of the year amounted to 477 million dollars, while this figure with Iraq was more than 4 billion dollars and this "Underlines the importance of trade with the Iraqi neighbor."

He also revealed that trade with Europe "fell by 75% compared to last year," adding that "despite the pressure exerted by the conspirators, trade between Iraq and Iran grew during the same period."

The Iranian official did not name the reasons for the decline in trade between his country and Europe, but it is obviously due to the comprehensive sanctions that Washington re-imposed on Tehran in several stages after its withdrawal from the nuclear deal on May 8, 2018.

It also shows a European commitment to these sanctions despite its efforts to maintain the nuclear deal, but Tehran maintains that unless Europe fulfills its economic promises to help Iran circumvent US sanctions, this agreement cannot be saved.

 
 

On September 29, the European Union's statistics office Eurostat announced a sharp decline in trade between Iran and the EU by 73% in the first seven months of this year.

Eurostat data reported that trade between Iran and the countries of the 28 members of the European Union amounted to 3.087 billion euros during the period from January until the end of July, compared to 11.514 billion euros during the same period last year , 2018.

indicated that European exports fell 51%, to reach 2.6 billion euros, compared to 5.34 billion euros. European imports from Iran also fell by 92 percent to 487 million euros, from 6.174 billion euros in the first seven months of 2018.

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  • yota691 changed the title to Iran targets trade with Iraq for 20 billion dollars
Date of edit:: 2019/11/25 16:52  26 times read
Iran targets trade with Iraq for 20 billion dollars
BAGHDAD: The Iranian commercial attaché in Iraq, announced a plan to raise the volume of trade between two billion dollars.
Nasser Behzad said in a statement Monday that "the trade plan mentioned aims to attract foreign exchange and provide jobs and economic development for both countries."
He pointed out that "the Iraqi market imports from Iran equipment, industrial and medical equipment, electrical and manufacturing products and food products, as well as iron and steel, technical engineering services and agricultural products." is over
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  • yota691 changed the title to Iran: We target three things from Iraq's economy
 
 
 2019/11/25 08:19:08
 

Iran's commercial attaché in Iraq announced on Monday a plan to increase the trade volume to $ 20 billion.

"This trade plan aims at attracting foreign exchange, providing job opportunities and economic development for both countries," said Behzad.

He pointed out that the Iraqi market imports from Iran equipment, industrial and medical equipment, electrical and manufacturing products and food products, as well as iron and steel, technical engineering services and agricultural products.

It is noteworthy that non-oil foreign trade between Iran and Iraq exceeded 6 billion dollars in seven months for the period from March 21 to October 22, 2019.

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  • yota691 changed the title to Establishment of a joint bank between Iran and the Kurdistan Region
1,027 views
 

An Iranian official revealed on Monday a proposal to establish a joint bank between Iran and the Kurdistan region of Iraq.

The head of the Chamber of Halabja , Trade and Industry, Bischoa Ahmed Mahmoud, in the press after the statements of the Iranian trade meeting - Iraq held today, said that one of the effective necessities of trade is to establish a joint bank between Iran and Kurdistan , Iraq , in order to facilitate trade, referring to the law of investment in Kurdistan Iraq .
 

He added that commercial and financial advantages have been established for investors in the Kurdistan region of Iraq for 10 years and that imports of raw materials does not include tariffs.

He added that in paragraph 4 of the law stipulated the exceptions for producers who invest in the Kurdistan region in production projects.

And between the President of the Chamber of Halabja Trade and Industry that the companies working to establish branch offices in Kurdistan , Iraq will benefit from these exemptions, explaining this applies to all Kurdistan , Iraq , and of course the province of Halabja .
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  • yota691 changed the title to "A war between America and Iran loses billions of dollars to the Kurdistan Region"

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