|  | 

Technology

Iran, Iraq discuss new areas of trade cooperation

Baghdad, Iran's commercial attache in Iraq explored new spheres of cooperation with Iraq in a meeting with the new head of Iraq's Union of Chambers of Commerce in Baghdad on Saturday.

Iranian official Nasser Behzad told IRNA on Saturday that plans for increasing exchanges between the two countries' private sectors and interaction between Iraq's businessmen and Iranian companies were dealt with during the meeting.

Regular communications between private sectors to increase trade, preparedness for renovation of Iraq's quickreturn, promoting cooperation to hit the target of $20 billion annual trade exchanges between the two countries, devising necessary mechanism for collaboration among the Iraqi provinces' chambers of commerce were among other topics discussed during the meeting, he said.

Behzad further noted that the main message of the meeting was to promote Iraqi economic activists' resolve to invest in the production sector and using the country's diverse capacities in the sector of goods and services to improve level of relations.

Head of Iraq's Union of Chambers of Commerce Abdul Razzaq alZahiri, for his part, voiced readiness for collaboration with the Iranian tradesmen and industrialists.

Referring to the Iraq government's efforts to empower the private sector, he added that the two countries' private sectors should take steps in line with promoting transparent trade between Tehran and Baghdad.

Source: Islamic Republic News Agency IRNA


The iran News Gazette is mainly concerned with news and information about the Arab region and also covers international issues. Its main objective is to provide reliable and verified information on the Arab region for publishing on the digital landscape.