Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Ambiguity in commercial operations... How did Iraq export goods to Iran that it originally imported?

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 269637
    Join date : 2012-12-21
    • Post n°1

    Ambiguity in commercial operations... How did Iraq export goods to Iran that it originally imported? Empty Ambiguity in commercial operations... How did Iraq export goods to Iran that it originally imported?

    Post by Rocky Wed 23 Feb 2022, 5:59 am

    [You must be registered and logged in to see this link.]
    Ambiguity in commercial operations... How did Iraq export goods to Iran that it originally imported?
    Feb 23 2022
    Ultra Iraq - Editorial Team
    Iraq has never appeared in the list of the countries most exporting to Iran, before it came among the ten countries that export it most, according to what the board of directors of the Iranian-Iraqi Joint Chamber of Commerce announced, with an almost unbelievable amount compared to the Iraqi situation in terms of exporting non-oil goods, which amounted to nearly one billion dollars, which constitutes about 12% of the volume of trade exchange between the two countries.
    share
    Iran's exports amounted to 7.280 billion dollars to Iraq in the first ten months of the current fiscal year
    [You must be registered and logged in to see this link.] quoted a  member of the Board of Directors of the Iranian-Iraqi Joint Chamber of Commerce, Hamid Hosseini, as saying, and his follower, "Ultra Iraq", that "Iran's exports amounted to 7.280 billion dollars to Iraq in the first ten months of the current fiscal year (from March 21, 2021 until January 20). January 2022),” noting that “for the first time, goods worth $920 million were imported from Iraq during this period.”
    Read also:  [You must be registered and logged in to see this link.]
    Iraq's exports to Iran annually reach only $100 million, and with the increase in the value of Iraqi exports to Iran to $920 million in the first ten months, "Iraq jumped to rank 6 out of 26 in the ranking of countries exporting to Iran," according to Husseini, who indicated that "imports from Iraq were through frozen Iranian assets.
    In a separate statement to the Customs Administration, which came to reinforce what was revealed by the Iranian-Iraqi Joint Chamber of Commerce, customs spokesman, Ruhollah Latifi, explained that what has been imported from Iraq during the past ten months is wheat, corn, soybeans, barley, oils and sugar. The countries supplying Iran, in order, are: the UAE, China, Turkey, Germany, Switzerland, Russia, India, Britain and Iraq.
    While the mentioned large number of Iraqi exports to Iran constitutes "surprising", the mentioned goods and commodities exported from Iraq to Iran generate great doubts, as all the goods that Iraq is supposed to export to Iran are originally imported. 
    With regard to wheat, Iraq had a deficit in wheat quantities during the past season of half a million tons, and it [You must be registered and logged in to see this link.] quantities of it already to make up for the shortage at the beginning of this year.
    As for corn and soy, Iraq opened the import of these two materials in February due to local need, as [You must be registered and logged in to see this link.] by the Ministry of Agriculture.
    As for sugar and oil, Iraq also imports them to meet the ration card requirements, as Iraq bought 80,000 tons of sugar early last year, while [You must be registered and logged in to see this link.] indicated that it had contracted with foreign origins to buy rice and oil.
    [You must be registered and logged in to see this link.]
    On this basis, most of what was mentioned in the list of goods exported from Iraq to Iran are materials that Iraq lacks and imports from abroad, or that it produces them in quantities that are not sufficient for Iraq’s needs completely, which requires importing the remaining quantities to fill the shortage, which raises questions about how Iraq's exports of these commodities to Iran amounted to nearly one billion dollars.
    Indeed, this is unbelievable, since most of these commodities are already imported by Iraq, so how can it be exported? As the spokesman for the Ministry of Agriculture, Hamid Al-Nayef, wonders, "these export operations are likely to be the result of commercial operations carried out by traders importing or buying these commodities and exporting them to the Iranian market, because the Iraqi market is a free market and these trade operations cannot be prevented."
    Al-Nayef’s assumption that those who carry out these operations are merchants, came after he denied that the Iraqi government had bought these goods or imported them to export them to Iran to pay off part of the debts officially. , it contradicts the statement of the Iranian-Iraqi Joint Chamber of Commerce, which confirmed that “these goods were exported from Iraq to Iran through frozen Iranian balances and debts in Iraq,” as this matter requires intervention and payment of funds by the Iraqi government.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Tue 07 May 2024, 3:32 pm