He stated 5 sub-committees have been arrange through the fifth session of the Joint Iran-Iraq Financial Fee, and that good agreements have been reached in cooperation within the water and vitality sectors in addition to within the fields of mining and business.
“The 20% enhance in commerce between Iran and Iraq within the final 11 months and the motion of greater than 7 million vacationers and pilgrims are indicators of the additional growth of financial relations between the 2 nations,” he stated.
Iraq depends on Iran for a big a part of its vitality wants. The 2 neighbors have steady transactions with one another, that are carried out partly by the non-public sectors and the remaining by the governments of the 2 states.
Earlier, Iraq acquired the permission from the US to launch some $500 million in frozen Iranian belongings with the purpose of facilitating bilateral commerce.
The US anti-Iran sanctions are the key obstacles in the way in which of additional enlargement of the mutual Tehran-Baghdad ties.