Referring to the importance of the Iraqi Kurdistan market for Iranian products, Iraj Masoumi, the director-general of planning and trade events office of the TPO, said, “According to the license issued by the TPO in the past [Iranian calendar] year (ended on March 20), the exclusive exhibition of the Iranian products will be held in Sulaymaniyah during June 22-26 by West Azarbaijan’s International and Permanent Exhibitions Company.”

“This exhibition will be located and held in a space of 6000 square meters and in a useful area of 2600 square meters with the participation of 84 companies from the big companies of our country”, the official stated.

The event is an exhibition of participants from various fields including construction industry, home appliances, food industry, automobiles and parts, medical equipment, home furniture and decoration, cosmetics, carpets and home textiles, printing and packaging, bags and shoes and clothing, industry, electricity, oil and gas, he added.

Iran had also held an exclusive exhibition of Iranian products in Sulaymaniyah in late January 2020.

Having over 500 kilometers of shared borders, Iran and Iraqi Kurdistan can use this capacity to expand their trade relations, Iran’s Commercial Attaché in Iraq Naser Behzad said on the sidelines of that exhibit.

He described Sulaymaniyah as the gateway to Iraqi Kurdistan and said: “Due to the stability and security of this region, it is possible to transport goods from this center to other neighboring provinces such as Erbil, Halabja, Diyala and Kirkuk and even other areas of Iraq.”

“Having two official border crossings of Bashmaq and Parvizkhan and the great interest in Iranian goods in the region would be a reliable capacity for developing the two countries’ trade relations,” he stated.

Pointing out the fact that currently half of the goods available in the Sulaymaniyah market are Iranian products, the official said: “Food products, carpet, plastic products, machinery, building materials, agricultural and technical services especially in the fields of transportation, construction and urban development are important priorities for contribution of Iranian companies in this market.”

More than 150 Iranian companies participated in the exclusive exhibition of Iranian products in Sulaymaniyah to showcase their latest products and services in this market.

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Speaking in the signing ceremony, Eftekhari underlined the capabilities and capacities of Iran’s free trade zones, noting that Iranian free trade zones offer significantly beneficial investment and trade opportunities for the businessmen and investors in the region.

He pointed to manufacturing and industrial units in the country’s free zones, saying “About 1000 industrial and manufacturing units are operating in the free zones and considering the number of active units in the country’s special economic zones, this number would exceed 2000.”

Abdulrahman for his part, expressed satisfaction with the signed MOU, and noted that of the 10,000 members of the Kurdistan Importer and Exporter Union, 2000 members are in communication with Iranian businessmen and companies.

According to the official, although the Iraqi Kurdistan Region has a good relationship with traders and businessmen all around the world, but having common borders with the Islamic Republic of Iran has made it easier and more profitable for the region to expand trade with Iran.

He further pointed to the unjust U.S. sanctions against Iran saying, “Despite the U.S. sanctions, the Kurdistan region is eager to cooperate with Iran more and more in order to meet its basic needs.”

Developing mutual trade based on the production capacities of the two sides, reducing the cost of finished products by improving the supply chains, distribution of the two sides’ manufactured products in the region, and development of investment in the two countries were some of the areas covered in the signed MOU.

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