Minister of Cooperatives, Labor and Social Affairs Mohammad Shariatmadari who is on an official visit to Iraq signed a five-year economic cooperation agreement with Iraq on Sunday.
Adopting plan for economic cooperation and joint venture investment has been considered as one of the most important elements to serve Iran-Iraq economies to flourish.
Iran's Deputy Interior Minister for Security Affairs Hossein Zolfaqari said that the the Islamic Republic has extended traffic restrictions to neighboring Iraq for another two weeks.
An Iraqi anti-terror group has reacted to the upcoming round of strategic talks between Baghdad and Washington, whose key agenda item is reportedly the U.S. combat deployment, emphasizing that armed resistance against American occupation forces will continue until they are fully removed from the Arab country.
Head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Eshaq believes the trade between Iran and Iraq will get better in the future, admitting that Iraqis refrain from paying their debts to Iran due to different pretexts.
The town of Sinjar in northern Iraq has become subject to pretexts both by the Kurdistan Workers' Party (PKK) members and the Turkish Army.
Iran’s Minister of Cultural Heritage, Handicrafts and Tourism Ali-Asghar Mounesan said that Iran has reached an agreement with Iraq to repair the Iranian ancient monument of the Sassanid era, Taq-e Kasra in Ctesiphon, Iraq.
Iraq realize that Iran needs gas export revenues to Iraq, as the country is in critical condition and despite having money in the Iraqi bank accounts, it faces problem for paying $200m for the purchase of medicines.
Chairman of the Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq says some $5b of Iran’s money has been blocked in Iraq and talks are underway that the money is used in the best way.
Head of the Iran-Iraq Joint Chamber of Commerce believes Iran and Iraq can touch the set target for boosting their trade volume to $20b and it is up to the foreign ministry to use its potentials for boosting trade.