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Iran's economic project fails in Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iran's economic project fails in Iraq

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Iran's economic project fails in Iraq Empty Iran's economic project fails in Iraq

Post by RamblerNash on Thu Oct 31, 2019 10:51 pm

Iran's economic project fails in Iraq

Iran's economic project fails in Iraq Image

31-10-2019 10:27 AM

Baghdad / News

A news report revealed features that Iran has failed to control the Iraqi market through the exploitation of reconstruction operations after the elimination of ISIS, pointing out that there are three main factors that led Iraqis to close their markets to Iranian companies and traders, including the economic crisis that Tehran has witnessed arbitrary trade decisions, as well as the emergence of the role of companies affiliated to the Iranian Revolutionary Guard.

A report by the Persian-language daily Kayhan London published on Wednesday touched on Iran's ambition, which grew following the announcement of the Islamic State's defeat in 2017, by acquiring the lion's share of economic and urban reconstruction projects.

Operations in Iraqi areas as a result of ISIS presence, particularly Mosul, have destroyed the infrastructure of these areas, including schools, administrative buildings, roads and the collapse of water, electricity and telephone networks.

The reports pointed out that Iran announced on the first day of the international community's interest in the reconstruction of Iraq, its intention to engage in projects to promote the economy of Iraq, as well as participate in supporting the security and political situation of reconstruction, but over two years Iran's economic and trade presence in Iraq indicates Tehran's failure in Take advantage of this opportunity.

The economic crisis

The report said that the internal economic crisis in Iran stands as one of the factors in the failure to break into the Iraqi markets, as Iran faced in 2018 in conjunction with the start of the reconstruction of Iraq, an unprecedented crisis that changed the policy of export and import programs for this country radically.

He considered that the measures taken by the Iranian government to face the economic crisis such as the curtailment of exports led to the confusion of Iranian traders who were in the process of investing in reconstruction projects in Iraq; Tehran lost a golden opportunity to invade the Iraqi market with Iranian exports.

Business decisions

He added that one of the reasons for the failure of the Iranian economic presence in Iraq is the failure of Tehran to take measures to keep pace with the actions of the Iraqi authorities in relation to the policy and decisions of exports, including Baghdad's decision to increase import tariffs from 30 to 130%, a decision that made many Iranian producers of goods Iraqi markets.

The report went on to say that Iran's failure to gain investment opportunities in the Iraqi market "paved the opportunity for countries such as: Turkey, to introduce its products to the markets of Iraq, where Turkish products have a significant share there."

According to the statements of an Iranian economic activist, the Iranian security services, most notably the Revolutionary Guards, were counting on the reconstruction of Iraq to impose more political and economic influence in this country.

The presence of the Revolutionary Guards

The Iranian activist added that the companies affiliated to the Revolutionary Guards worked hard to win economic agreements for economic projects in Iraq, while Turkish companies controlled most of the opportunities available for investment in the Iraqi market.

He explained that “the presence of the guard services in Iraq led to a wave of distrust in these institutions and commercial companies among the Iraqi citizens, to the extent that these companies are finding it difficult to even book hotels or houses to stay, as most of the Iraqis have turned away from renting houses to Iranian traders, When they know that those who plan to rent their house are Iranian, they say he may be a spy. ”


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