A conference on business opportunities and investment prospects in Iran and Iraq was held in Tehran on August 8.
The conference was held to create a platform for exchanging ideas and experiences and to boost economic ties between the two countries, the Islamic Republic of Iran News Network reported.
The conference also paved the way for efforts to strengthen relations between the private and public sectors of Iran and Iraq and to increase trade between the two nations.
The organizers of the event also sought to lay the groundwork for joint exhibitions in the two countries.
The conference featured specialized panels on commerce, transportation, housing, technical and engineering services, banking, insurance, industry, agriculture, and foreign investments.
According to Iranian Privatization Organization Director Gholam-Reza Kord-Zanganeh, a joint Iran-Iraq exhibition will be held in Baghdad in Iranian calendar month Bahman (January 21-February 19, 2011).
Last April, Iran's commercial attaché in Iraq, Mehdi Nejatnia, told Press TV that the value of trade between the two countries in 2009 increased by one billion dollars compared to the previous year.
The value of trade between the two neighboring countries stood at $7 billion last year.
Nejatnia stated that Iran exported over 2,000 different goods worth $4 billion to Iraq, while Iraq exported $3 billion of goods, mainly crude oil, sulfur, and iron, to Iran.