Official: Iran-Iraq Trade Balance to Hit $20bln

Large Horn Continues To Help Small Horn
TEHRAN (FNA)-
Tehran and Baqdad will increase the value of their trade transactions to $20 billion in the current
Iranian year (March 21, 2014-March 21, 2015), a senior trade official announced on Sunday.
“The value of trade transactions between
Iran and Iraq is due to hit USD 20 billion
in the year 1393,” the official in charge of Iraq Affairs at the
Iranian Trade Promotion Organization (TPO) Majid Qorbanifaraz said.
Qorbanifaraz pointed to the high volume of Iran’s
exports to Iraq, and said, “Iran exported around $5.2 billion in the
first 11 months of the last Iranian year (March 21, 2013-February 21,
2014) and values of the country’s export of technical and engineering
services exceeded $600 million.”
Last month, Secretary of Iranian Association of
Technical Engineering Services Exporting Companies Siyamak Dolatshahi
announced that 30 Iranian firms are active in Iraq’s developmental
projects.
Dolatshahi said that
Iran and Iraq
enjoy numerous commonalities in various fields such as religion,
geography and culture which should be utilized for enhancing the level
of economic cooperation.
Iran
has had positive trade balance with 83 world countries during the first
nine months of the last Iranian year (March 21-December 20, 2013),
Iranian Customs Data said.
Also Iran exported $1.853bln of goods and services
to Afghanistan and imported $23mln of commodities from that country in
the said period of time.
“The volume of Iran’s exports to Turkmenistan
reached $640mln, to Egypt $409mln and to Azerbaijan $377mln in the last 9
months while the volume of Iran’s imports from the mentioned countries
amounted to $76mln, $6mln and $18mln respectively,” the Customs Office
said.