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Iran-Iraq Joint Chamber of Commerce, Industries, Mines and Agriculture
Opportunities to develop economic relations with the Republic of Iraq
The following article is taken from the website of the Trade Development Organization entitled "Opportunities for the Development of Economic Relations with the Republic of Iraq" by Hamid Safdel, Director General of the Trade Development Organization of Iran.
The Iraqi market is considered to be the largest economic project of the last half century in the world due to the volume of imports and the value of trade exchanges and required investments.
Historical, religious, ethnic, linguistic, cultural commonalities, 1450 km long common border with population density to our country and consequently cheaper transportation costs and fourteen official and market passages, etc., including comparative advantages c. A. Iran is considered compared to its commercial competitors and neighbors.
65-70% of the Shiite population, along with the 6 million inhabitants of the Iraqi Kurdistan region, who are very interested in doing business and investment with our country due to their many commonalities, has provided an exceptional opportunity for the presence of economic activists in that country. Is.
Some insecurities in the Arab part of that country can be mentioned as a fleeting opportunity, and from the point of view of our country's economic activists, this threat should be considered as an unstable and transient opportunity because with the central government dominating security issues and establishing lasting security. Structuring that country, reputable international companies will be more willing to participate in that market, and this will affect the competitiveness of Iranian goods. Therefore, it is necessary for large and top economic enterprises in the field of export of goods and technical and engineering services, such as the model of Iran's economic competitors in Iraq (Turkey) to implement the strategy of long-term presence in Iraq, so that in this regard a limited number of top brands In Iraq, they have implemented this experience and gone from the cocoon trade stage to the professional and formal business in this competitive market.
Iraq imports goods such as electrical and electronic equipment, wheat, automobiles and vehicles, rice, milk and cream, iron rods, edible oils and vehicle parts from Turkey, Iran, UAE-China, USA and Jordan, and goods such as oil. Raw, other non-commodities elsewhere export oil from petroleum, sulfur, chemicals, dates, solid coal, alcohols and halogenated derivatives to the United States, India, Korea, Italy and China.
In 1390, the volume of trade between the two countries reached 5 billion and 270 million dollars, of which 5 billion dollars were Iran's exports to Iraq and 121 million dollars were imports of the Islamic Republic of Iran from the Republic of Iraq.
Also, from 1985 to 2011, projects carried out by Iranian engineering technical services companies in the fields of water, power plants, power transmission, road construction, buildings, bridges, etc. worth 2 billion and 428 million dollars have been implemented in various cities in Iraq. Is.
Construction and contracting, dam construction, tunnel construction, bridge construction, irrigation, road construction, sewerage and wastewater management projects, power plants and power transmission lines, electronics and communication technology industries, telecommunication equipment, setting up industrial factories, car design Industrial tools and refinery equipment, technical services and construction of various buildings (residential - office - educational - hospitals - mosques - shrines, etc.), construction of roads, roads, tunnels, dams, bridges, railways, Airport, etc., Reconstruction of industrial factories, equipment related to hospitals and universities, Consulting on engineering and construction affairs, construction and equipping of cinemas, theaters, radio and television studios, technical and engineering services of electrical industry, technical and engineering services Oil industry, construction of refineries, drilling and oil extraction are among our capabilities in exporting to Iraq.
From 1984 to last year, 58 special exhibitions of goods and services of the Islamic Republic of Iran have been held in Iraq, and in the current year (2012), licenses have been issued for holding 19 exhibitions in different cities of Iraq.
In order to develop the export of Iranian goods and services to Iraq, various measures have been taken by the relevant agencies, which are as follows:
• Removing barriers to the complete transportation of Iranian trucks containing perishable materials to the Iraqi Kurdistan region
• Concluding a memorandum of understanding between the Roads and Transportation Organization, Iran Trade Development Organization, Kermanshah Governor's Office and Kermanshah Chamber of Commerce, Industries and Mines to develop Parviz Khan border infrastructure and allocating 20 billion rials by the Trade Development Organization for implementation The mentioned memorandum
• Encourage large companies to establish and operate directly in Iraq
• Establishment of a business advisory office in Baghdad
• Establishment of the Iraqi Trade Coordination Office in the Trade Development Organization
• Sending and receiving business delegations