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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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    Iran expects the volume of its exports to Iraq to reach $11 billion

    Rocky
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    billion - Iran expects the volume of its exports to Iraq to reach $11 billion Empty Iran expects the volume of its exports to Iraq to reach $11 billion

    Post by Rocky Sat 02 Dec 2023, 6:45 am

    [size=35][size=35]Iran expects the volume of its exports to Iraq to reach $11 billion[/size]
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    2023-12-02 | 06:37
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    Alsumaria News - International

    The head of the Joint Iranian-Iraqi Chamber of Commerce expected, today, Saturday, that annual exports to Iraq will record a level of 11 billion dollars until the end of the current fiscal year, March 20, 2024.


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    Yahya Al-Ishaq, head of the Iranian side at the Chamber of Commerce, explained that exports to [You must be registered and logged in to see this link.] in the first seven months of the current fiscal year (the period from March 21 to October 22, 2023) grew by 30 percent on an annual basis, and are expected to reach the level of 11 billion. dollars until the end of the fiscal year, March 20, 2024.



    I consider that the situation of exports and trade with [You must be registered and logged in to see this link.] is good, with the need to address some of the problems and challenges that obstruct the path of trade with the neighboring country.

    He pointed out the variation in the government and free exchange rates in the Iraqi economic system, indicating that the price difference exceeds 20 percent, and because the [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url] does not specify a foreign currency to cover some trade, therefore, the final cost of our export goods to the Iraqi importer increases by more than 20 percent, which reduces the competitiveness of our exports in [You must be registered and logged in to see this link.]. .

    Al-Ishaq called on Iranian officials to raise this important issue with officials of the [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url].

    On the other hand, the Iranian official noted that the Iraqi Parliament approved a budget for the year 2023 amounting to 150 billion dollars, which is the highest and unprecedented level, in addition to the budget for the next two years with a total of 450 billion dollars, explaining that the budget aims to develop jobs, rehabilitate infrastructure, and implement urban projects, and constitutes a good commercial opportunity. To export machinery, construction materials, steel and iron, and participate in tenders.
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