BAGHDAD (Dispatches) – Iran has set an array of measures to increase the annual economic cooperation with Iraq to $20 billion, Saeed Ohadi, the secretary of Iran-Iraq Economic Cooperation headquarters said on Sunday.
In a meeting with Iraqi Housing and Construction Minister Ann Nafi Aussei, Ohadi said: "Iran's technical and engineering and knowledge-based companies are prepared to making investments in Iraq.”

The Iraqi minister also welcomed the expansion of cooperation with Iran, noting that promotion of ties with neighbors, the Islamic Republic of Iran in particular, tops the agenda of the Iraqi government.

The two sides agreed to form a joint committee to pursue the case of arrears owed by the Iraqi companies to their Iranian counterparts.