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Tehran, Baghdad Bolster Industrial and Trade Ties



Within the framework of Iraqi Prime Minister Nouri al- Maliki’s visit to Tehran Iraq’s Planning Minister, Ali Yusuf al-Shukri, Industry and Minerals Minister, Ahmed Nasser Al-Karbouli, and Trade Minister, Khairallah Hassan Babike, met with Iran’s Minister for Industry, Mining and Trade, Mehdi Ghazanfari. 

They agreed to hold Iraqi economic day in Tehran in synchronization with organizing   investment opportunities forum in Iraq.  They stressed the importance of briefing the Iranian investors on the opportunities of investment in Iraq. They also signed agreement on the international standards between the two countries, setting joint ventures in the field of steel and pipe line, establishing a line for the electric generators with Production capacity of 15000 generators.

The volume of trade exchange between Iraq and Iran amounted to about $ 10 billion over the past year and is expected to reach $ 12 billion this year.

                                                                                         Source: IRNA

Islamic Chamber of Commerce and Industry - الغرفة الأسلامية للتجارة و الصناعة
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