Iran proposes $ 3 billion credit line to Iraq

by **RamblerNash** Sun Mar 11, 2018 1:05 pm

Iran proposes $ 3 billion credit line to Iraq

08/03/2018

Economy News _ Baghdad

Iran's Deputy President Izhak Jahangiri stressed that Iran and Iraq need a comprehensive document to form the basis for economic cooperation between the two sides, declaring Iran's willingness to put a line of credit at the disposal of Iraq amounting to 3 billion dollars.

This came during talks between Jahangiri and Iraqi Prime Minister Haider al-Abadi on Wednesday.

Jahangiri said Iran was ready to engage Iranian companies in the reconstruction and construction process in Iraq and to allocate a $ 3 billion credit line to Iraq so that the Iranian companies and the private sector could participate seriously in the reconstruction process.

Jahangiri considered the banking issues as one of the most important obstacles to the economic relations between the two countries, calling for finding suitable solutions for them. He also called for free trade between the two countries in order to promote inter-economic exchanges.

Jahangiri stressed the need for rail links between the two countries, pointing out that this is needed to bridge the bridge and plans for 30 kilometers. In this case Iraq will connect with Central Asia and China, while Iran's rail line will extend to the Mediterranean Sea.

He declared Iran's readiness to cooperate in the field of drug manufacture and to increase its cooperation with Iraq in various fields, including oil and gas.

http://economy-news.net/content.php?id=11465