TEHRAN (Iran News) – Chairman of the Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq believes in the next 15 years, the market of Iran and Iraq will become the biggest economic environment for both countries.
In a meeting with three trade delegations from different provinces of Iraq, Ale-Ishaq said that the condition of Iran and Iraq is today in a way that it paints a good picture for future economic activists of the two states. He added that Iraq in recent years has been Iran’s first or second trade partner, adding that in the next 15 years, market of the two countries will create a big environment for their economic activists and any kind of trade and economic project will be possible. He reiterated that therefore anyone starts faster and becomes pioneer, he will be the most successful one in 15 years.
He pointed to the strong determination of senior officials of the two states for broadening economic ties, adding that in some certain periods, the trade volume between Iran and Iraq has hit $13b and this figure is to be increased to $30b, because in different industrial sectors of Iran and Iraq’s market this capacity exists for boosting trade.
Ale-Ishaq added that currently there is no balance in trade between the two countries and export is in favor of Iran and both sides have agreed to balance the trade and this is good opportunity for traders of the two countries.
Meanwhile Head of Iraq’s Al-Amarah Chamber of Commerce Mr. Ala Vali Ali, for his part, said that Iran ranks third in earmarking trade tariffs, adding that therefore there is a tough competition between Iran and China and urged Iran to earmark more trade tariffs which will help the trade relation between Iran and Iraq to increase.
He stressed that Iraqi traders expect the trade volume with Iran to exceed $24b, adding that materialization of this requires strong determination from both sides especially from Iran’s private sector because he believes private sector in Iran is the main actor in broadening economic ties.
He reiterated that the goal behind the visit of this delegation to Iran is to remove obstacles in way of trade between the two states as well as acquaintance of Iraqis with Iranian companies and their products.