Economic ties with Iraq must expand: First VP

Business Materials 15 April 2010 11:25 (UTC +04:00)

The Iranian first vice president stated in a joint cooperation meeting of Iran and Iraq that trade relations between the two countries have not been strong despite all the efforts made in this regard.

Mohammad-Reza Rahimi said that border markets should be established between the two countries to enhance trade and create jobs.

He highlighted that borders must be monitored carefully to prevent smuggling, adding that another means to stop the illegal flow of goods between the two countries is to draft appropriate laws and regulations for trade.

Rahimi said that taking these measures will be a huge step in boosting economic ties between the two countries.

Opening branches of the two countries banks in one another's countries and offering currency services in banks on the borders between Iran and Iraq were other matters approved in the meeting.