Iraqi president calls for removal of barriers to economic co-op with Iran
Tehran, Iran, Feb. 7
Iraqi president called for the removal of barriers to economic and trade cooperation between the Iranian and Iraqi government and private sectors.
President Barham Salih expressed his satisfaction with the agreement reached between the central banks of the two countries during the Iran Central Bank governor’s visit to Iraq on Wednesday, Trend reports citing IRNA.
“The two countries’ talks should be continued to remove barriers to cooperation, and the Iraqi government will support them,” said Salih in a meeting with Abdol Nasser Hemmati, governor of the Central Bank of the Islamic Republic of Iran, and his delegation in Baghdad.
The meeting also highlighted the latest status of the economic and monetary relations between the two countries and the importance of developing the Iran-Iraq trade.
Governors of the central banks of Iran and Iraq on Tuesday signed an agreement to facilitate the settlement of Baghdad’s debts to Tehran.
Iraq’s due debts to Iran, worth $2 billion, are for imports of electricity and gas as well as other goods over the past years.
Iraq imported 1,000 megawatts of electricity from Iran for years to cope with energy shortages.