Wednesday, July 6, 2022

Baghdad

$17 billion Iraqi trade volume with Iran, says Iraqi Ministry of Commerce

 $17 billion Iraqi trade volume with Iran, says Iraqi Ministry of Commerce

Ministry of Commerce logo

Ministry of Commerce logo
Ministry of Commerce logo

(IraqiNews.com) Baghdad – The Ministry of Commerce announced on Thursday, that the trade with Iran has reached an advanced stage amounted to $17 billion in the current year, while expected the increase of trade exchange at end of this year.

The ministry’s spokesman Mohammed al-Samarrai said in an interview for IraqiNews.com, “our indicators show that there is an increase in trade exchange between Iraq and Iran, which reached an advanced stage, amounted to about $ 17 billion this year.”

Al-Samarrai predicted the increase of trade exchange at end of this year due to Iranian gas pipeline, which could increase the size of this exchange, considering that the increase will be accompanied¬†with gas sales to Iraq.”

Noteworthy, Iraq imports many of Iranian products, including agricultural, food, cars and electrical devices.

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