Iran, Iraq to hold 5th session of their joint economic commission

Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has referred to the issue.

He said an Iranian delegation consisting of representatives of the public and private sectors, especially a group of Iranian businesspeople, headed by the Minister of Economic Affairs and Finance, will travel to Baghdad to discuss important issues of cooperation in various fields such as banking, transportation and transit, agriculture, investment, insurance, trade and commerce, export of technical and engineering services, energy, science, sports, etc.

The two sides will sign various documents with the aim of deepening bilateral cooperation.

It is worthy of note that the volume of trade between Iran and Iraq in the first 10 months of the current Persian year was about $9mn. During this period, Iranian exports increased by 23% to more than $8.9 billion while imports from Iraq decreased by 84% to $146mn.

The 4th session of the Iran-Iraq joint economic commission was held in January 2021 hosted by the Iranian Ministry of Energy in Tehran.

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