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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

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Established in 2006 as a Community of Reality

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    Iraq refuses to establish free trade with Iran

    Rocky
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    Iraq refuses to establish free trade with Iran Empty Iraq refuses to establish free trade with Iran

    Post by Rocky Mon 27 Nov 2023, 5:08 am

    Iraq refuses to establish free trade with Iran



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    2023-11-27 03:53
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    Shafaq News/ Iran's Special Trade Representative in Iraq, Farzad Belten, revealed on Monday an Iraqi refusal to establish free trade with the Iranian side.
    Belten said in statements reported by Mehr News Agency that the trade capacity between Iran and Iraq amounts to 20 billion dollars, explaining that due to the large gap between exports and imports with Iraq, this country does not want to establish free trade.
    Regarding the trade situation between Iran and Iraq, he explained that during the first six months of this year, about 4.5 billion dollars of goods were exported from Iran to Iraq, and about 150 million dollars of goods were imported to Iran from the aforementioned country.
    Belten, the former Director General of West Asia for the Iranian Trade Development Organization, added that the trade capacity of the two countries confirms the possibility of increasing trade relations between the two countries, including the export of goods, services, electricity and gas, at about $20 billion.
    Belten also said that there is a possibility of establishing free trade or preferential tariffs with Iraq, considering that trade between Iran and Iraq is one-way and mainly includes exports from Iran to Iraq.
    He continued, despite various endeavors over the past years, the Iraqi government does not wish to negotiate and sign an agreement in any of the aforementioned areas.
    He added, "For Belten, Iran's main competitors in Iraqi markets are China and Turkey."
    The Iranian Special Trade Representative in Iraq stated, “There are problems related to trade infrastructure such as one-way transportation of goods, clearance of goods at border crossings, standards, etc., and if they are resolved, it will be possible to develop trade relations between the two countries.”
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    Iraq refuses to establish free trade with Iran Empty Iraq refuses to establish free trade with Iran.. An official reveals the details

    Post by Rocky Tue 28 Nov 2023, 3:53 am

    [size=35][size=35]Iraq refuses to establish free trade with Iran.. An official reveals the details[/size]
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    2023-11-28 | 02:19
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    Al-Sumaria News -

    International Trade Representative of Iran in Iraq stated that the trade capacity of the two countries amounts to $20 billion, saying that Iraq refused to establish free trade with the Iranian side because of the large gap between exports and imports.


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    Farzad Belten said, in an interview with Mehr News Agency, about the latest trade developments between Iran and Iraq: During the first six months of this year, about $4.5 billion in goods were exported from Iran to Iraq, and about $150 million in goods were imported to Iran from The mentioned country.



    He added: Since the period of the mission of the former commercial advisor to...[You must be registered and logged in to see this link.]in[You must be registered and logged in to see this link.]It's over, it's over[url=https://www.alsumaria.tv/Entity/3974854993/%D9%85%D9%86%D8%B8%D9%85%D8%A9 %D8%AA%D9%86%D9%85%D9%8A%D8%A9 %D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9/ar/]Trade Development Organization[/url]In order to maintain the activity of this commercial advisory office, Iran has appointed a special temporary commercial representative in[You must be registered and logged in to see this link.]And studying the selection of 3 new business consultants to send to the aforementioned country.

    Belten continued: In addition, you...[url=https://www.alsumaria.tv/Entity/3974854993/%D9%85%D9%86%D8%B8%D9%85%D8%A9 %D8%AA%D9%86%D9%85%D9%8A%D8%A9 %D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9/ar/]Trade Development Organization[/url]Iran is studying the conditions and requirements for establishing its branch in[You must be registered and logged in to see this link.]In order to develop its activities and expand the level of its services to businessmen and merchants in the two countries.

    competitor[You must be registered and logged in to see this link.]in[You must be registered and logged in to see this link.]
    The former Director General of West Asia, Mr[url=https://www.alsumaria.tv/Entity/3974854993/%D9%85%D9%86%D8%B8%D9%85%D8%A9 %D8%AA%D9%86%D9%85%D9%8A%D8%A9 %D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9/ar/]Trade Development Organization[/url]Iranian Ambassador to the commercial capacity of the two countries, he said: The ability to increase trade relations between the two countries, including the export of goods, services, electricity and gas, is estimated at about 20 billion dollars.

    According to Belten, the main competitors of...[You must be registered and logged in to see this link.]In the Iraqi markets, they are China and Turkey.

    [You must be registered and logged in to see this link.]He refuses to establish free trade with[You must be registered and logged in to see this link.]
    Belten said that there is a possibility of establishing free trade or preferential tariffs with...[You must be registered and logged in to see this link.], considering that trade between[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]It is one-way and mainly includes exports from[You must be registered and logged in to see this link.]to[You must be registered and logged in to see this link.]Despite many efforts over the past years, the Iraqi government refuses to negotiate and sign an agreement in any of the aforementioned areas.

    The Special Trade Representative of ...[You must be registered and logged in to see this link.]in[You must be registered and logged in to see this link.]That increased imports from[You must be registered and logged in to see this link.]The formation of a trade balance between the two sides could provide the conditions for signing such agreements in the future.

    Prohibition of dealing in dollars in[You must be registered and logged in to see this link.]
    And about non-recognition[You must be registered and logged in to see this link.]in dollars in its local market and the impact of this matter on the trade relationship between...[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]Belten stated: Countries' foreign exchange policies have both opportunities and threats to their foreign trade. And[You must be registered and logged in to see this link.]is no exception to this rule.

    He added: Adopting this policy is likely to indirectly affect part of the commercial transactions between merchants of the two countries, but it is not necessarily considered to have a negative impact on trade relations with other countries, including[You must be registered and logged in to see this link.].

    Banking exchanges
    and in relation to the status of banking and monetary exchanges with[You must be registered and logged in to see this link.]Belten said: The exchange of currency between merchants of the two countries takes place mainly through non-banking methods due to the cessation of banking relations between the two countries.

    He continued: Of course, this type of financial exchange method was common among commercial activists in the two countries since the period before the imposition of sanctions, due to the small size of many commercial transactions.

    Are Iranian merchants negligent?
    Regarding the main obstacles and problems in developing trade with[You must be registered and logged in to see this link.]Belten explained: Given the growing needs of Iraqi markets, the appropriate level of quality and competitiveness of Iranian products in this market, cultural, linguistic and multicultural diversity, ethnic commonalities and geographical proximity between the two countries, it seems that the most important obstacles and problems are embodied in the lack of attention to the importance of this market and the lack of planning. Long-term and professional development for Iranian companies for a direct and stable presence in the Iraqi market.

    The Iranian Special Trade Representative in Iraq said: Of course there are problems related to trade infrastructure such as one-way transportation of goods, clearance of goods at border ports, standards, etc., and if they are resolved, it will be possible to Develop trade relations between the two countries.

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