Iran, Iraq expand customs coop, new investment

Tehran (IP) – Iranian minister of economic affairs and finance says Tehran and Baghdad have reached new understandings in customs and announced new investments between the two countries.

Iran PressIran News: At the end of two meetings with the Iraqi minister of finance and the accompanying delegation on the focus of the talks and the achievements of the meeting, Farhad Dejpsand stated on Saturday evening that the volume of trade between Iran and Iraq had been significant but insufficient.

Iranian finance and economic minister expressed hope that with the agreements reached, the amount of trade would increase even more.

"Given the long history and common culture between Iran and Iraq, it requires us to take special measures to develop economic relations between the two countries," he said.

Iraqi Finance Minister Ali Allawi also said the two sides had achieved excellent results in terms of customs coordination at all border crossings.

He also called "facilitation of trade between the two countries" and "development of the Shalamcheh-Basra railway," among other understandings of the meeting that could help expand Iran-Iraq trade.


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