Despite political influence, Iran is losing the Iraqi market to its rivals
Wednesday, 13 September 2017
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Wednesday, 13 September 2017
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Iranian exports to Iraq have begun to lose momentum, despite Tehran's political influence on decision-makers in Baghdad.
According to Mustafa Mousavi, a member of Iran's Chamber of Commerce, Industry, Mines and Agriculture, the reason for this is due to the low quality and high prices of Iranian products.
Moussaoui pointed out that the poor packaging is another reason behind the loss of Iran to the Iraqi market, according to the agency "Iran News".
Mousavi said Iran's rivals in the Iraqi market (especially China and Turkey) were pushing exporters, which greatly reduced the ability of Iranian exporters to compete. "We can not compete with them under the current situation."
Referring to the hot weather in Khuzestan and Ilam provinces on the Iranian border, Mousavi said the export of perishable products from these areas is a major challenge to the lack of infrastructure.
Iran exported 4.13 million tons of non-oil goods worth over $ 2 billion to Iraq in the four months to July 22, signaling a 13.7 percent drop in volume and a 6.5 percent increase in value over the same period last year, Customs Administration of the Republic of Iran.
"Iran's share of the Iraqi market amounted to 19.7 percent in March 2016-17," said Ibrahim Rezazadeh, secretary of the Iraq office of Iran's Trade Promotion Organization.
"Iran exported 14.2 million tons of goods worth 6.1 billion dollars to Iraq last year, recording a decrease of 1.84 percent and 1.59 percent year after year," he said.
Iran's main exports to neighboring Iraq include agricultural products, food and fruit such as melons, tomatoes and cucumbers, which account for 37 percent of total exports.
Other Iranian exports to Iraq include canned food, tomato paste, chicken, eggs, meat, building materials (specifically reinforcing steel, tiles and ceramics), steel, evaporative coolers and other goods.
Turkey's share of the Iraqi market was 21 percent last year.
Joint Business Conference
A joint working conference between Iranian and Iraqi officials and businessmen is scheduled to take place from October 15 to 16 at the International Conference Center in Tehran.
The event is being organized by the University of Tehran's Entrepreneurship College in cooperation with the Iran-Iraq Chamber of Commerce and the Iran-Iraq Economic Development Office of the Presidential Office.
The Conference Center of the Faculty of Entrepreneurship at the University of Tehran said that the conference will be attended by high-level Iraqi delegation, including senior officials from neighboring Iraq and the Kurdistan region of Iraq.
The conference will be attended by First Vice President Ishaq Jahangiri, Deputy Foreign Exchange Officer of the Central Bank of Iran Gholamali Kamiab, Chairman of the Iranian Trade Development Organization Mujtaba Khosrotaj and others.
The two sides are scheduled to hold meetings on issues ranging from banking and insurance to food and engineering services. The current political and security conditions in Iraq and their implications for trade regulations will be explored at the two-day event.
The Conference Center said that the possibilities of expanding Iranian exports will be discussed with the Iraqi side, and will discuss ways to eliminate the transfer of funds and banking obstacles.
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Iranian exports to Iraq have begun to lose momentum, despite Tehran's political influence on decision-makers in Baghdad.
According to Mustafa Mousavi, a member of Iran's Chamber of Commerce, Industry, Mines and Agriculture, the reason for this is due to the low quality and high prices of Iranian products.
Moussaoui pointed out that the poor packaging is another reason behind the loss of Iran to the Iraqi market, according to the agency "Iran News".
Mousavi said Iran's rivals in the Iraqi market (especially China and Turkey) were pushing exporters, which greatly reduced the ability of Iranian exporters to compete. "We can not compete with them under the current situation."
Referring to the hot weather in Khuzestan and Ilam provinces on the Iranian border, Mousavi said the export of perishable products from these areas is a major challenge to the lack of infrastructure.
Iran exported 4.13 million tons of non-oil goods worth over $ 2 billion to Iraq in the four months to July 22, signaling a 13.7 percent drop in volume and a 6.5 percent increase in value over the same period last year, Customs Administration of the Republic of Iran.
"Iran's share of the Iraqi market amounted to 19.7 percent in March 2016-17," said Ibrahim Rezazadeh, secretary of the Iraq office of Iran's Trade Promotion Organization.
"Iran exported 14.2 million tons of goods worth 6.1 billion dollars to Iraq last year, recording a decrease of 1.84 percent and 1.59 percent year after year," he said.
Iran's main exports to neighboring Iraq include agricultural products, food and fruit such as melons, tomatoes and cucumbers, which account for 37 percent of total exports.
Other Iranian exports to Iraq include canned food, tomato paste, chicken, eggs, meat, building materials (specifically reinforcing steel, tiles and ceramics), steel, evaporative coolers and other goods.
Turkey's share of the Iraqi market was 21 percent last year.
Joint Business Conference
A joint working conference between Iranian and Iraqi officials and businessmen is scheduled to take place from October 15 to 16 at the International Conference Center in Tehran.
The event is being organized by the University of Tehran's Entrepreneurship College in cooperation with the Iran-Iraq Chamber of Commerce and the Iran-Iraq Economic Development Office of the Presidential Office.
The Conference Center of the Faculty of Entrepreneurship at the University of Tehran said that the conference will be attended by high-level Iraqi delegation, including senior officials from neighboring Iraq and the Kurdistan region of Iraq.
The conference will be attended by First Vice President Ishaq Jahangiri, Deputy Foreign Exchange Officer of the Central Bank of Iran Gholamali Kamiab, Chairman of the Iranian Trade Development Organization Mujtaba Khosrotaj and others.
The two sides are scheduled to hold meetings on issues ranging from banking and insurance to food and engineering services. The current political and security conditions in Iraq and their implications for trade regulations will be explored at the two-day event.
The Conference Center said that the possibilities of expanding Iranian exports will be discussed with the Iraqi side, and will discuss ways to eliminate the transfer of funds and banking obstacles.
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