Iran, Iraq to stop border trade for a week

Business Materials 18 August 2012 16:36 (UTC +04:00)

Azerbaijan, Baku, Aug.18 / Trend F.Milad /

Commercial transactions will be stopped for a week at Parvizkhan and Khosravi borders between Iran and Iraq due to Eid al Fitr holidays, the IRNA news agency quoted the governor of Iranian border city Qasre Shirin as saying.

Hossein Parvin said that no importation and exportation will be carried out during the weeklong holidays.

Transactions will be resumed on August 25, he said, adding that some 700 truckload of goods are exported on the average from Iran's Parvizkhan border to Iraq per day.

Iran's Foreign Ministry Spokesman Ramin Mehmanparast has said that the value of trade between Tehran and Baghdad will reach a figure between $12 billion and $15 billion in the current Iranian year (started March 20).

Earlier in April, Iranian President Mahmoud Ahmadinejad said in a meeting with Iraqi Prime Minister Nouri al-Maliki that there was no barrier to the development of political, economic and cultural relations between Iran and its western neighbor.