Iran’s exports to Iraq will amount to $1.8 bln in 2007, an Iranian official said. Speaking to reporters during a press conference here on Saturday, secretary of the first convention and exhibition of economic and trade potentials of Iran and Iraq, Jahanbakhsh Sanjabi said that Iran’s exports to Iraq reached $1.2 bln in 2006.
“Considering the cultural and religious commonalities as well as the extensive borders shared by Iran and Iraq, the figure will reach USD 1.8 bln up to the end of the current year,” he said.
The official also predicted that Iran’s exports to Iraq would increase to $10 bln once Article 44 of the Constitution (which pertains to privatization of governmental companies in Iran) is implemented thoroughly.
He further viewed exchange of trade delegations by the two sides, familiarizing Iraqi traders with Iran’s investment potentials and introducing Iraq’s market to Iranian traders and businessmen as the main prerequisites for increasing Iran’s exports to Iraq.
Sanjabi also said that the first convention and exhibition of the economic and trade potentials of Iran and Iraq, to be held in Tehran from September 5 to 7, would be attended by 300 production and trade companies.