TEHRAN – The Iran-Iraq Industrial Cooperation Conference was held at the venue of Trade Promotion Organization of Iran (TPOI) in Tehran on Monday with the aim of promoting trade and industrial relations between the two countries.
TPOI Deputy head for Promoting International Businesses Muhammad Sadegh Ghannadzadeh pointed to the objectives behind organizing this conference and said the development of trade and economic relations with other countries has been prioritized by the administration of President Ebrahim Raisi.
Since neighboring Iraq has always been considered as Iran’s strategic partner, “We have tried to play a leading role in the economic and industrial development of neighboring Iraq,” he emphasized.
Ghannadzadeh said the conference was held with the aim of exchanging views on promoting economic relations between the two countries and maintaining Iran’s lucrative market in Iraq.
He also put the current value of Iran’s exports to neighboring Iraq at about $10.5 billion.
Iran and Iraq enjoy a high potential to increase bilateral trade to $20 billion, he stressed.