Iran: Arab countries have started our commercial competition in Iraq

Iranian goods in the Iraqi market "Internet"
 
07/29/2021

Economy News - Baghdad

The economic advisor to Iran in Iraq, Abdul Amir Rabihawi, said that Iran's commercial competitors in the Iraqi market are constantly increasing .

Rabihawi said in a meeting with businessmen in Kermanshan province via the Internet, according to what the official Iranian news agency "IRNA" reported today, Thursday, that in the past, Turkey and China were only Iran's commercial competitors in Iraq, but now the Arab countries in the region, such as the UAE, Saudi Arabia and Jordan , joined Iran's competitors in the Iraqi market .

He added that setting restrictive laws and the willingness of Iraqi decision makers to cooperate with Arab countries in the region are among the factors that enhance competition in the Iraqi market .

The Iranian economic advisor said that the Iraqi market today is completely different from 2003, adding that in the early years when we resumed trade with Iraq, the country was in dire need of Iranian goods .

He pointed out that Iraq's revenues come from oil sales, indicating that the decline in oil prices in the market and the decline in the country's revenues led to the imposition of restrictions on imports .

Rabehawi stressed the need for direct transportation from Khosravi and Mahran crossings to Iraqi territory, saying that Iraq chose these two ports for goods transit, and at the end of this month, rules and controls for crossing across these borders will be implemented .

He stressed the need to import goods from Iraq to find a balance in the balance of trade exchange between the two countries, noting that the trade balance with Iraq now amounts to 9 billion dollars in favor of exports.

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