Baku, Azerbaijan, Feb. 16
By Elnur Baghishov – Trend:
Iranian exports to Iraq have reached $9 billion, Mohammad Lahuti, Chairman of the Iran Export Confederation, told Ibena News Agency, Trend reports.
According to Lahuti, as banking agreements are implemented, Iran's exports to Iraq will further increase.
Lahuti said the creation of a joint Iranian-Iraqi bank will have a great role in boosting bilateral trade.
"Countries with high turnover use this [joint bank] method," he said.
A number of agreements were signed between the two countries during the visit of the Head of Iran's Central Bank Abdolnaser Hemmati to Iraq on February 5-6. Some noteworthy deals were made, such as the payment of Iraqi debt to Iran for energy and the creation of a joint bank between the two countries.