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Will Iraq be the "illegal" competitor to Iranian trade?

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rocky
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Will Iraq be the "illegal" competitor to Iranian trade?

Post by rocky on Sat 11 Aug 2018, 7:04 am

Will Iraq be the "illegal" competitor to Iranian trade?
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BAGHDAD (Reuters) - Firas Zuwain said on Saturday there was more than one way to trade between Iraq and Iran after imposing US sanctions, indicating that Iraq could become an outlet for Iran in illegal ways.
"There is more than one way of trade between Iraq and Iran, since the two sides have very long borders, which Iran can invest in this direction," Zuwain told Iraq News. "Iraq could become an outlet for Iran in illegal ways as it was. Jordan is an outlet for Iraq during the economic embargo imposed by America and this for Iran is part of the solution. "
"Any trade between Iraq and Iran after 2004, whether natural or abnormal, is in the interest of the Iranian side," he said.
He pointed out that "the value of trade exchange between the two countries is about 9 billion dollars, and the share of the Iraqi side in the export of not more than one billion and the share of the Iranian side may be 8 billion dollars."
The first package of new US sanctions on Iran entered into force last Tuesday and the second package of sanctions will be implemented in November.
Prime Minister Haidar al-Abadi stressed Iraq's lack of sympathy for US sanctions against Iran, but his government is obliged to abide by those sanctions to protect the interests of the Iraqi people.
In addition, the Baghdad Chamber of Commerce revealed Thursday, the continuation of trade exchange between Iraq and Iran, despite the issuance of the package of US sanctions. Finished


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