Iran exports non-oil goods worth $11.2b to Iraq in 11 months

INSUBCONTINENT EXCLUSIVE:
TEHRAN- Iran exported non-oil commodities valued at $11.2 billion to Iraq during the 11-month period from March 20, 2024 to February 18,
2025, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.Foroud Asgari said that Iraq was the second top
export destination of the Iranian non-oil goods in the mentioned 11 months.Considering Iran's vast export capacity and Iraq's large
market for Iranian goods, both sides want to expand the volume of bilateral economic exchanges.Iran and Iraq have set a target of $20
billion in annual trade, and businessmen and authorities of both countries are determined to meet that target.In late May 2024, the head of
the Department of Spatial Planning and Regional Planning of the Iranian Planning and Budget Organization (PBO) said that Iran exports some
of attracting Iraqi investors and strengthening trade relations between the two countries in line with demarcating Iran in the regional
billion barrels of proven reserves of crude oil, is among the richest countries in West Asia.Currently, Iran exports over 2,200 various
types of goods and products to Iraq, he said, adding that more than half of the active Iranian traders are present in the Iraqi
market.Developing the trade infrastructures to facilitate trade between the two countries, encouraging traders to invest in Iraq, promoting
trade through dispatching and admitting trade delegations and participating in exhibitions of the two countries, etc
are suggested to strengthen the trade and economic relations between Iran and Iraq, he underlined.Increasing non-oil exports to the
neighboring countries is one of the major plans that the Iranian government has been pursuing in recent years.Iran shares land or water
borders with 15 countries namely the United Arab Emirates (UAE), Afghanistan, Armenia, Azerbaijan, Bahrain, Iraq, Kuwait, Kazakhstan, Oman,
Pakistan, Qatar, Russia, Turkey, Turkmenistan, and Saudi Arabia.MA