Iran (IMNA) - This represents a significant 30% growth compared to the same period last year. Hosseini further stated that the upward trend in exports is expected to continue, with predictions that the export volume will reach a new record of $10 billion by the end of the current Iranian calendar year (March 20, 2024).
Despite challenges related to currency supply and exchange rates in Iraq, the export of Iranian commodities to the Arab country has been steadily increasing. Hosseini highlighted that the average monthly exports this year stood at around $775 million, reflecting a rising pace in trade between the two nations.
Baghdad Seeks Gas Deals with Turkmenistan to Meet Electricity Demand; Iran Remains Iraq's Fourth Commercial Partner
Hamid Hosseini highlighted Baghdad's efforts to secure gas transit and swap agreements with Turkmenistan. These deals aim to address the pressing gas requirements in Iraq, particularly for generating over 4,500 megawatts of electricity.
Hosseini, a prominent businessman, emphasized that Iran stands as Iraq's fourth-largest commercial partner, following the UAE, China, and Turkiye. He further suggested that if the Central Bank of Iran exempts agricultural products, technical services, and engineering services from special export duties, it could significantly boost the export volume from Iran to Iraq.
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