TEHRAN – Head of Iran-Iraq Joint Chamber of Commerce Yahya Ale-Eshaq says that problems in the way of bilateral trade have been resolved thanks to efforts made by the two countries, adding that bilateral trade will reach $10 billion per year by March 21, 2023.
Ale-Eshaq said that Iran and Iraq have set a target in bilateral trade of $20 billion, reiterating that the economic agents in both countries are determined to meet that target.
The businessman said Iran and Iraq have had the experience of $14 billion trade volume in previous years.
He added that the international trade recession and lower Iranian electricity and energy sales to Iraq were responsible for reduced bilateral trade between Iran and Iraq.