Iran, Iraq to boost turnover up to $ 20b

Business Materials 7 July 2011 15:54 (UTC +04:00)

Azerbaijan , Baku, July 7 / Trend/

Iran and Iraq agreed to increase turnover up to $20 billion, reported Mehr News Agency quoting Iranian VP Mohammad Reza Rahimi as saying.

Iran 's first VP Mohammad Reza Rahimi signed six agreements with Iraqi Prime Minister Nuri Almaleki to expand cooperation between the two countries on various fields on Wednesday.

An Iranian delegation led by Rahimi left for Iraq on 06 July.

Officials of two countries signed additional five agreements on medical and drug equipment, health, cultural, technology and communication cooperation. The documents were inked by Iranian and Iraqi Ministers of Science, Technology and Research, Communication and deputy of health ministers.

The two countries are also expected to sign agreements on oil and gas, energy, power, transport, agriculture and high education cooperation.

Iran and Iraq shared a turnover of $4.48 billion during the last solar year. Rahimi says this figure can increase to $ 10 billion.
Rahimi will visit Iraq with a 200- member delegation to discuss economic ties with Iraq.