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                                        Volume. 12119

Iraq plans to send 200-member trade delegation to Iran
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TEHRAN – A 200-member Iraqi trade delegation will be travelling to Iran in the near future, according to Iran-Iraq Joint Chamber of Commerce Secretary General Jahanbakhsh Sanjabi.
 
The delegation will be comprised of officials from Iraq’s state and private sectors, Sanjabi said. 
 
He put the value of annual trade between the two countries at about $10.7 billion in the previous Iranian calendar year (March 2011- March 2012), adding that Iraq is Iran’s main trading partner in regard to non-oil goods, the Mehr News Agency reported on Wednesday.
 
He went on to say that bilateral trade amounted to $4.6 billion in the first nine months of the current Iranian calendar year, which began on March 20, 2012.
 
In August 2012, Iranian Industry, Mine, and Trade Minister Mehdi Ghazanfari said that Iran was ready to launch joint ventures with Iraq in the trade, transportation, and insurance sectors.
 
Ghazanfari made the remarks during a meeting with Iraqi Trade Minister Khairalla Hasan Babike in Tehran.
 
The two sides also agreed to establish joint companies in order to boost industrial and mineral exports to Iraq. 
 
The Iranian trade minister said Iran is ready to invest in infrastructure projects in Iraq and to help meet the demands of its neighbor in the industrial, mining, and agricultural sectors.
 
MG/HG

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