Baku, Azerbaijan, Feb. Oct. 15
By Rahim Zamanov - Trend:
Iran plans to increase its medicine item exports to the neighboring Iraq, Iran's ISNA News Agency reported on October 15.
Rostam Qasemi, the chairman of Iran-Iraq economic development committee Iranian headquarters, said that Turkey has already gained some $1 billion of the Iraqi market, while Iran's share is only $8 million.
"Iran plans to double its non-oil exports to Iraq," he noted.
"Iran seeks to increase its non-oil exports to $200 billion by 2025 to become the major non-oil goods exporter in the region," Qasemi explained, noting that currently Turkey with $175 billion is the main exporter in the region.
Qasemi said last month that Iran plans to allocate $5 billion out of the National Development Fund to Iranian contractors active in neighboring Iraq.
He went on to note that all the domestic contractors need to help the Iranian government in order to snap the country's economy out of recession.
Qasemi said on March 10 that Iranian companies should boost presence in Iraq through implementing road and dam building, housing, industrial, as well as technical and engineering projects.
The year 2013 registered high levels of commercial exchange between Iraq and Iran, which reached - according to both Iraqi and Iranian officials - more than $12 billion.