Iran private sector key to boost economic ties with Iraq

EghtesadOnline: Iran's private sector activities in Iraq should be expanded in order to boost the economic relations between the two countries, the Iranian envoy to Baghdad said.

News ID: ۷۸۰۰۳۷

24 October 2017

Iran's ambassador to Iraq Iraj Masjedi in a meeting to explore weak and strong points of the two countries' economic relations urged officials of Iran's private sector to boost the sectors' activities so that they can survive the competition with rivals, according to IRNA.

'One of the most important departments of the embassy is the economic department that we are trying to strengthen it,' he added in the meeting with Saeid Ohadi, the advisor to Iran's first vice-president on Saturday evening.

Ohadi who is also the head of the committee for boosting Iran-Iraq economic ties in the meeting echoed the ambassador's views.

Referring to the efforts by the Iranian embassy in Baghdad to enhance the bilateral relations with Iraq and, to raise the trade exchange between the two countries, he said that the significant presence of Iranian companies in the international exhibition in Iraq this year is a sign of the rising economic activities of the embassy.

The 44th Baghdad International Fair with 350 companies from 14 countries, including Iran, started on Saturday in the Iraqi capital city.