Iraq Confirms Ongoing Trade with Iran

The Iraqi Ministry of Commerce confirmed that Iraq will continue to open avenues for trade cooperation with Iran, with the aim of transforming existing understandings and agreements into tangible economic projects to enhance commercial exchange and increase joint investments. This comes within the framework of strengthening economic relations following the visit of the Iranian Parliament Speaker to Iraq. Reports indicate that the bilateral trade volume amounts to approximately $9 billion annually, encompassing Iraq’s import of Iranian gas, foodstuffs, and construction materials, thereby supporting the stability of national markets. Iraq emphasizes the importance of developing cooperation in the fields of trade and transport, ensuring the smooth movement of goods and facilitating work at border crossings.

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