Minister of Industry, Mine and Trade Shariatmadari and his accompanying delegation on Monday met and held talks with Iraqi minister of housing and urban development in order to boost mutual cooperation in relevant issues.
Solving banking problems between the two countries is one of the important factors which can help enhance economic cooperation, he said, adding, “banking problems between Iran and Iraq will be settled one credit lines are launched.”
Shariatmadari emphasized the necessity of defining a suitable roadmap for launching economic activities between the two countries and put the current trade volume exchanged (nonoil products) between Iran and Iraq at $6 billion.
To materialize objectives of economic development between the two countries, bilateral ties should be expanded from simple trade ties to more complicated relations in the technical and engineering fields in particular, Shariatmadari maintained.
In conclusion, Iranian Ministry of Trade Shariatmadari proposed setting up a joint committee especially in the technical and engineering field in order to develop bilateral ties.
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