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Iran seeks to increase exports to Iraq and Eurasia

Business Materials 8 March 2022 09:41 (UTC +04:00)
Iran seeks to increase exports to Iraq and Eurasia

TEHRAN, Iran, March 8

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Iran is seeking to increase its export to Iraq and Eurasian Economic Union in the new Iranian year (starts March 21, 2022), said Mojtaba Mousavian, former deputy in Iran Trade Promotion Organization, Trend reports citing IRNA.

"The Eurasian Economic Union is a proper market for Iran's export. The Preferential Trade Agreement between Iran and the EEU reduces tariffs and could increase trade," he said.

The former official indicated that Iraq is increasing the import of goods and services which could be an opportunity for Iran to raise its exports.

Iran's export to Russia stood at $967 million in 2021, indicating a 21-percent growth compared to 2020.

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