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Iran ups non-oil exports to Iraq 55%

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Staff Writer | December 27, 2018
Iran considerably increased exports of non-oil goods to Iraq in the eight months from March 21-November 21, announced a senior trade official.
Iraq port
Asia   Iran exported goods valued at $6.4 billion to Iraq
"Iran exported goods valued at $6.4 billion to Iraq during the eight-month period showing a 55-percent growth," said Director of Arab-African Affairs of Trade Promotion Organization of Iran (TPO) Farzad Piltan on Tuesday in an address to a ceremony for exemplary Iranian exporters of Arvand Free Zone in Khorramshahr City, Khuzestan Province, in southwestern Iran, reported Fars News Agency.

He underlined that a 1,000-square-meter area has been allocated for establishing a permanent exhibition fairground for 25 Iranian companies to showcase their products in the Iraqi capital of Baghdad.

Piltan described the building of new transit routes between Iran and its neighboring countries as one of the other projects to expand trade with them, and said that connecting Iran's railway system as well as building a transit corridor between Iran and Kuwait is currently being pursued.

Arvand Free Zone, with an area of 37,400 hectares, is at the confluence of the Karoun and Shatt al-Arab Rivers and in proximity to Iraq and in the northwest of the Persian Gulf.