Iran-Iraq trade increased to $7 bn

A senior official in Iran's embassy in Iraq says the value of trade between the two neighboring countries has stood at $7 billion last year.

Iran's Commercial Attache in the Iranian embassy in Iraq Mehdi Nejatnia, in an interview with Press TV on Sunday, said that the value of trade between the two countries in 2009 increased by one billion dollars comparing with the earlier year.

He noted that Iran exported $4 billion of over 2,000 different goods to Iraq, while Iraq exported $3 billion of goods, mainly crude oil, sulfur, and iron to Iran.

He stressed that violence in Iraq, including recent terror attacks targeting foreign embassies in Baghdad, will not deter Iranian businessmen from expanding their trade with Iraq.

Nejatnia said that 53 Iranian companies will showcase their products in a five-day exclusive exhibition that will be launched in Najaf on Wednesday, which indicates determination to further boost trade with Iraq.

He stated that about 70 percent of Iranian goods are exported to Iraq via the Kurdish region in northern Iraq.

Source: PressTV.
Link: http://www.presstv.ir/detail.aspx?id=122995§ionid=351020102.