TEHRAN (ecoideal)- A senior Iranian trade official announced an upward trend in the country's exports to neighboring Iraq in the past 4 months.
"Our exports to Iraq have increased 22% in the first four months of the current (Iranian) year (started on March 21)," Hassan Danayeefar, a senior advisor to the Iranian vice-president and secretary of the headquarters for the development of economic relations with Iraq and Syria, said on Wednesday.
He also added that Iran exports 25% of its non-oil products to Iraq annually.
In relevant remarks in April, a senior Iranian official announced that the country's non-oil exports had increased to Iraq.
"A sum of 14 percent of Iran's non-oil exports are shipped to Iraq," Iranian Deputy Minister of Industry, Mine and Trade Mojtaba Khosrotaj said, addressing a meeting of Iranian and Iraqi chambers of commerce in Tehran.
He reiterated that the Iranian government is due to open a line of credit worth three billion dollars for presence of economic activists in Iraq.
Khosrotaj, also head of Iran Trade Development Organization, said that legal aspects of line of credit for exports to Iraq should be clear so that the presence of the Iranian businessmen in Iraq would face the least risk.
Source: Farsnews