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The total value of Iran's exports to Iraq in the first nine months of the current Iranian year (March 21-December 20, 2020) amounted to 20 million tons (worth $5.9 billion), showing a 7 percent increase in tonnage year-on-year. The Iraqi market was the second largest export destination of Iranian products (with 23.6% of non-oil exports) and the first among neighboring countries.
Over the past year, the Covid pandemic has led to the closure of the two countries' border terminals and trade markets for about three months, as well as the closure of trade events such as trade fairs and conferences. Tighter restrictions on Iraqi imports in the field of agricultural products has also put up barriers for exports to Iraq.
Iran's Trade Promotion Organization (TPO) has various plans to improve its share in the Iraqi market including holding two special exhibitions in Baghdad and Erbil as well as an exhibition pavilion in Sulaimaniyah, a virtual exhibition in March 2021.
Source: en.mehrnews.com
Photo source: Dreamstime.com
