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Iran: Economic relations with Iraq are growing rapidly


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The information / Baghdad ..

The Secretary of the Joint Economic Committee between Iran and Iraq, Muhammad Wali Alaa al-Dini, confirmed on Saturday that the two countries have many commonalities in all social, cultural, political and economic fields, which made the joint economic relations between them achieve rapid growth.

Al-Dini said in a statement reported by the official Iranian News Agency and reviewed by the information, that “according to the ongoing negotiations between Tehran and Baghdad and the holding of the meeting of the Joint Economic Committee between Iran and Iraq on February 10 and 11, and at a time when Iran is suffering from the unjust US embargo, the two countries have managed Taking great steps in the field of developing economic relations in various fields, including reconstruction and exporting non-oil products.

He added that "Iranian exports to Iraq included all fields, including agricultural, dam construction, electricity and water equipment, as well as the tourism field, expressing his hope to continue and forcefully export Iranian products to all neighboring countries, especially Iraq ." End / 25

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  •  Time: 02/27/2021 17:21:27
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Iraq occupies the first place in the field of importing Iranian goods
  
(Baghdad: Al Furat News) The trade exchange between Iran and its 15 neighboring countries during the past ten months recorded 30 billion dollars, from 20 March 2020 to 19 January 2021.

According to Fars News Agency, non-oil commodities accounted for 16.6 billion dollars, with 55 million tons of the country's total exports, compared to 14.4 million tons, worth 14 billion dollars, Iran's total imports from neighboring countries.  
Iran collects common land borders with Iraq, Pakistan, Afghanistan, Turkmenistan, Azerbaijan, Armenia and Turkey, while there are 8 other countries that share common maritime borders with Iran: Russia, Kazakhstan, Kuwait, Saudi Arabia, Qatar, Bahrain, the United Arab Emirates and the Sultanate of Oman. 
According to the latest statistics issued by the Iranian Customs Authority in this regard, Iraq, the UAE, Turkey and Afghanistan have occupied the first to fourth positions in the field of importing Iranian goods during the past ten months.  
Wafa Al-Fatlawi

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How about Biden released 4 Billion in frozen assets by way of south Korea and India, Scheduled to get billions from the Demtard Covid 19 relief bill if it passes the Senate.., along with money for our best buddies Chyna and Siria. Biden removes support for the Iranian opposition in Yemen and the Iranian Backed Houthis are embolden enough to fire missiles into Saudi Arabia. Just for starters...

 

https://www.weaselzippers.us/465199-breaking-houthis-in-yemen-launch-missiles-into-saudi-arabia-that-are-intercepted-by-their-iron-dome/

 

https://beckernews.com/3-iranian-backed-militia-biden-stopped-calling-terrorists-launches-rocket-attack-on-saudia-arabia-37180/

 

Read another article where they said it was 4 Billion total but was in relation to this article which was apparently only a Billion... Biden undoing what the Trump Administration achieved with sanctions..

 

https://www.forbes.com/sites/dominicdudley/2021/02/24/south-korea-agrees-to-unfreeze-1-billion-in-iranian-assets-following-tanker-seizure-by-tehran/?sh=403118b71386

 

up to their old tricks..

https://www.zerohedge.com/geopolitical/israel-says-iran-behind-explosion-israeli-owned-ship-initial-assassment

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9 minutes ago, 64jaguar said:

https://www.i24news.tv/en/news/international/1614065917-south-korea-says-will-release-frozen-iranian-assets-after-consultations-with-us

 

South Korea says will release $7 billion in frozen Iranian assets after 'consultations' with US

So after south korea release $7 billion in frozen iranian assets, do you think iran will directly rv their currency at 1:1? I think some people will buy iran currency as much as possible then.

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1 minute ago, rvmydinar said:

So after south korea release $7 billion in frozen iranian assets, do you think iran will directly rv their currency at 1:1? I think some people will buy iran currency as much as possible then.

Not imo, 7 Billion isn't that much money but it will allow the Iranians to continue to terrorize the region and I doubt the PTB over there will share the wealth with the people.

Again, just my opinion. :twocents:

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South Korea To Pay Iran's Debt To UN From Frozen Funds

 
Wednesday, 03 Feb 2021 22:09
 

One day after Iran issued the release permit for the crew of the a South Korean tanker it seized last month, Seoul officials announced that their negotiations with the US to pay the Islamic Republic’s debt to the UN from Iran’s frozen funds in South Korea are in their final stages.

 

Around $7 billion of mostly oil payments were frozen in South Korean banks after the United States imposed banking sanctions on Iran in 2018. 

 

Citing a South Korean Foreign Ministry official, Yonhap news agency reported on Wednesday that Seoul’s negotiations with Washington to get approval in order to use Iranian frozen funds to pay for Iran’s debt to the UN is being finalized.

 

The South Korean official said: “The issue is almost resolved. We have finished talks [with the US] about paying [Iran’s] membership fee and we must talk about very technical issues.”

 

“There is significant progress about the membership fee [of Iran in UN] and I think this was an opportunity for Iran to feel our honesty,” he added.

 

Previously, the UN Secretary-General António Guterres asked the members of the UN General Assembly to revoke the voting rights of Iran and nine other countries for not paying their annual membership fee.

 

According to his letter, Iran had the highest debt among those countries totaling over $16 million.

 

In recent months, tensions rose between Iran and South-Korea over the Islamic Republic’s frozen oil revenue in that country, which reached an all-time high with the seizure of the South Korean oil tanker by the Islamic Revolution Guard Corps last month.

 

The Islamic Republic previously denied any connection between the seizure of the tanker and the frozen funds, but later some officials confirmed that the two issues are related.

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12229.jpg
A border crossing between Iraq and Iran
  

 money and business


Economy News - Baghdad

The Director of the Iranian Customs of Ilam Province, Ruhollah Ghulami, said, on Sunday, that goods worth 464 million dollars were exported to Iraq through Mehran's international borders, and for the period between March 20, 2020, until the end of January 2021.

"This quantity of goods weighing more than 907 thousand tons was exported to Iraq through Mehran's international borders," Gholami said in a statement to the Iranian News Agency, followed by Al-Iktissad News, adding that "the most important exported goods included building materials, fruits, vegetables and plastic products. Industrial products, glass, mugs, household appliances, metal products. "  

The Director General of Customs in Ilam Governorate indicated that "250 Iraqi trucks enter the Mahran border crossing daily to transport goods to Iraq," explaining that "food, plastic products, glassware, auto parts and products, steel, ceramics, tiles and building materials are among the materials exported by Iranian merchants. From Mahran customs, across the border. "  

Gholami stressed that "the movement of trucks carrying export goods to the borders of Mehran is currently normal, as the goods are first cleared through customs and then loaded with Iraqi trucks, and the export is done without interruption or special problems."  

Turning to the amount of goods exported from the borders of Mehran last year, Gholami said, "During the last Iranian year (20 March 2020), two million 79 thousand goods were exported from Mehran to Iraq, which shows a growth of 24 percent in volume.

 
 
Number of observations 140   Date of addendum 02/28/2021
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14 hours ago, 64jaguar said:

Not imo, 7 Billion isn't that much money but it will allow the Iranians to continue to terrorize the region and I doubt the PTB over there will share the wealth with the people.

Again, just my opinion. :twocents:

what i mean is if iran want to rv their currency at 1:1 after south korean released $7 billion, then we can exchange iran currency for dollars in the us, not in country of iran.

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9 hours ago, screwball said:

Based on what? Expert advice? Fake news? Have lifted sanctions! Nope! 

Based on the fact that the Iranian sanctions are being lifted.  Read the news.  If you think Biden is in office to help anyone but himself I also have beach front property to sell you in New Mexico.

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5 minutes ago, currenzcraze said:

Based on the fact that the Iranian sanctions are being lifted.  Read the news.  If you think Biden is in office to help anyone but himself I also have beach front property to sell you in New Mexico.

sanctions will not be lifted. not until they deal and rejoin the international monetary system. your an idiot believe anything

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8 hours ago, screwball said:

sanctions will not be lifted. not until they deal and rejoin the international monetary system. your an idiot believe anything

Based on the articles below sanctions are lifting.  Like I said Biden is weak so it is back to business as usual for Iran.
 

https://www.frontpagemag.com/point/2021/02/biden-admin-signs-hostages-cash-iran-deal-south-daniel-greenfield/
 

https://www.washingtonexaminer.com/policy/defense-national-security/south-korea-biden-greenlight-financial-windfall-iran

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17 hours ago, currenzcraze said:

Based on the fact that the Iranian sanctions are being lifted.

Do you have any links for that statements. Iran want the sanctions lifted before any negotiation are started.  Please post them in the link below...

 

 

Quote

 

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9 hours ago, currenzcraze said:

Based on the articles below sanctions are lifting.

I see them now....from you link, It states Iran and South Korea  have agree..

 

 

 

Quote

Iran and South Korea have agreed on a plan to release funds frozen in South Korean bank accounts and subject to U.S. economic penalties, despite President Biden’s refusal to ease sanctions on the regime prior to possible nuclear talks.

 

 

 

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