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Iran calls for achieving $20 billion trade target with Iraq

– Minister of Industries, Mining and Trade Alireza Razm-Hosseini on Wednesday called for achieving $20 billion trade target with Iraq, saying that Iranian goods make up for 25 percent demands of the Iraqi market.

Razm-Hosseini made the remarks in a meeting with the Iraqi Minister of Trade Alaa Ahmed al-Jubouri on Wednesday.

Iran seeks to expand and deepen trade ties with neighbors to boost the export level, he said, adding that Iraq ranks first on exporting Iranian products to neighboring countries.

Regarding some potentials of Iranian Industry, he noted: "Steel production in Iran hits 30 million tons, producing the capacity of 400,000 tons in copper industry and exports amounted to eight billion dollars.

"Iran will achieve production capacity of more than 52 million tons of steel in the near future, and in the next four years it will take place in the field of copper production in the number of top 10 countries in the world and these capacities are suitable fields for deepening trade relations between Iran and Iraq," he said.

Source: Islamic Republic News Agency - IRNA

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