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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

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


    Iranian official: The Iraqi market is witnessing change and we must realize the new circumstances

    Rocky
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    Iranian official: The Iraqi market is witnessing change and we must realize the new circumstances Empty Iranian official: The Iraqi market is witnessing change and we must realize the new circumstances

    Post by Rocky Mon 25 Dec 2023, 6:56 am

    Iranian official: The Iraqi market is witnessing change and we must realize the new circumstances
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    Baghdad today - follow-up 
    The Director General of West Asia of the Iranian Trade Development Organization announced that the transit file between Iran and Iraq has been resolved after years of problems .
    Tasnim News Agency reported that Abdul Amir Rabie Hawi said on the sidelines of a meeting of the Iranian-Iraqi Cooperation Policy Council: We have resolved the transit file with Iraq after it faced many problems over the past few years, and merchants can now export their goods to other countries through this country .
    He stressed that exports of engineering and technical services have taken a new form today after facing some problems in Iraq between 2012 and 2019. He explained: These exports constitute an important part of our revenues, and we look forward to their continuation and the development of exports in this sector .
    The Director-General of West Asia for the Trade Development Organization added: The Iraqi market has taken a new form, and the entry of large Iranian companies and joint cooperation with Iraqi companies could be a good opportunity for joint production with this country .
    He believed that companies that are aware of the Iraqi market conditions will be more successful in this country because they are looking for self-sufficiency in their production.
    He continued: The policy of reducing imports in Iraq and banning the import of some agricultural and even industrial products created problems for Iranian exporters .
    He added: In order for us to have a stronger presence in Iraq, Iran will hold many exhibitions in this country, so that we have 20 exhibitions in this country. Iranian business events are also held in Iraq, and business delegations from our country are sent there as well .
    Rabie Hawi referred to the recent visit of the Iranian Minister of Industry to Iraq, and said: During this visit, negotiations took place with various Iraqi officials, and good results and solutions were reached to solve currency exchange problems with this country .
    Regarding the current currency problems in Iraq due to US sanctions, he stated: The Iraqi private sector is strong and can play a role in decision-making and even protest the decisions taken by the government of this country .
    He continued that the consultations taking place with the Iraqi private sector, including this country's Chamber of Commerce, could provide the necessary conditions to facilitate trade exchanges by protesting foreign exchange policies, so that Iraq's official currency could be allocated in trade exchanges with Iran .
    He continued: Under Iraqi laws, which were caused by the sanctions policies followed by the United States, 5 countries subject to sanctions, including Iran, cannot obtain the official currency of this country .
    He added: We held consultations with Iraqi officials, including the Prime Minister and the Minister of Commerce, and positive promises were made, but the Iraqi private sector, including the Chamber of Commerce, could be more effective in resolving this problem .
    Rabei Hawi stated that sanctions were imposed on 15 Iraqi banks that cooperated with the countries subject to sanctions, and now the ability to exchange currencies has been withdrawn from them, so that they can only be dealt with in dinars .
    He said: If we meet and negotiate with the Iraqi private sector, we hope that these problems will be resolved, warning of the facilities offered by competing countries to Iran, such as Turkey and Saudi Arabia, to replace Iran .
    The Director General of West Asia for the Iranian Trade Development Organization explained: We plan to establish a joint fund for the export of technical and engineering services with the aim of solving export problems to Iraq. If the Iraqi side agrees to this, we can then issue guarantees and even create foreign exchange facilities .
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