Announcing the news, Farzad Piltan said that the trade center and permanent exhibition of Iran products and services will be inaugurated very soon in Sulaymaniyah in line with the policies of the TPO for facilitating the entry of Iranian goods and companies to Iraq’s market.

He added that this center will be on a 5700-square meter land and in four storeys.

Meanwhile spokesman for the Islamic Republic of Iran Customs Administration (IRICA) said that country’s export of products to neighboring Iraq in the first five months of the current Iranian calendar year registered a 31 percent growth.

Seyed Rouhollah Latifi broke the news and reiterated that Iran’s export of products to Iraq from March 21 to August 21 showed a 31 percent hike as compared to the same period of last year.

Turning to Iran’s import of products from Iraq, he stated that Iran’s import of products from neighboring Iraq registered a 430 percent growth from March 21 to August 21 in terms of value.

As the adverse effects of coronavirus, COVID-19, pandemic became ineffective on foreign trade, country’s economic exchanges grew and this issue caused Iraq to be introduced as second trader partner of the Islamic Republic of Iran, Latifi emphasized.

Islamic Republic of Iran exported more than 12,024,000 tons non-oil products, valued at $3,163,343,248, to Iraq from March 21 to August 21, showing a 53 and 31 percent growth in terms of volume and value respectively as compared to the last year’s corresponding period.

In this period, Islamic Republic of Iran imported 313,612 tons of products, valued at $175,989,687, from Iraq, registering a 970 and 430 percent hike in terms of volume and value respectively, IRICA spokesman opined.

According to the latest statistics of IRICA, Iran’s total foreign trade in the first five months of the current year hit $34 billion.

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“The trade center and permanent exhibition of Iranian products and services will be opened and put into operation in the city of Sulaymaniyah in the Iraqi Kurdistan region in the near future, in line with the plans of the Trade Promotion Organization to facilitate the entry of Iranian companies and goods into the Iraqi market,” ILNA quoted Farzad Piltan as saying.

“This center has been established by the Trade Promotion Organization of Iran in collaboration with the Iran National Innovation Fund (INIF),” the official added.

According to Piltan, the Iranian Trade Center in Sulaymaniyah has the possibility of allocating space to Iranian companies and businesses to establish offices and exhibit their products, as well as providing marketing and export services and consulting.

The first floor of the center is dedicated to textiles, clothing, bags, and shoes; the second floor is dedicated to construction products, industrial, electrical and electronic, and food products, while the third floor is allocated to knowledge-based products, he said.

Heavy industrial machinery, road construction, agricultural implements, automobiles are located in the open space of the center, the official added.

The center is aimed to provide various services to Iranian companies and businesses such as consulting, marketing, legal services, registering the brand and logo of companies in Iraq, advertising services, allocating exhibition and office space and holding business events, allocating warehouse, advising on banking services, assisting in concluding commercial contracts, transportation logistics services, insurance, and accommodation.

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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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