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 Many Iranian traders prefer to invest in more stable Kurdistan 

 Source : Reuters
  Kurd Net does not take credit for and is not responsible for the content of news information on this page

 


Many Iranian traders prefer to invest in more stable Kurdistan 22.11.2005

 


Reuters Nov 22, -- Iraq and Iran are also beginning to rebuild trade along southern sea routes. This will become easier after the rebuilding of Iraq's battered port at Umm Qasr is complete.

Iran has already begun exporting cement and iron beams through Umm Qasr. In the past two months about 9,000 tonnes of Iranian goods also came through Basra's port, officials say.

Iraqi customs officials say plans are underway to open a third port near Basra to facilitate trade with Iran.

Yet while Iraq has transport agreements with Jordan, Syria, Kuwait and Turkey, there is no such pact yet with Iran. An agreement is in the pipeline despite lingering Iranian fears about security in Iraq.

Many Iranian traders prefer to invest in more stable Kurdistan, the mountainous northern region of Iraq which has enjoyed de facto autonomy since 1991, when U.S. and British planes enforced a no-fly zone after the first Gulf War.

"Security is the biggest problem in parts of Iraq other than Kurdistan for Iranian companies who are eager to invest," Hedayatollah Rezaee, director of international affairs for Iran's Chamber of Commerce, told Reuters.

"In addition to that, there are customs problems, visa problems and transport problems," he said.

Mansour Sarmast, a member of the Society of Iranian Companies in Iraq, said around 100 Iranian companies are registered in Kurdistan with tenders worth some $400 million.

Sarmast said Kurdistan could be used as a new gateway for Iraq, noting that Kurds control customs in their own territory.

The thaw in relations does not just extend to trade -- religious tourism between Iran and Iraq is also picking up.

Iraq's Shi'ite-led government has signed an agreement to allow Iranian pilgrims to visit the holy city of Najaf, which houses the tomb of Imam Ali, one of the holiest figures in Shi'ite Islam, and other religious sites in nearby Kerbala.

Earlier this month, an Iraqi Airways plane touched down in Tehran, the first passenger flight between the two countries in 25 years.

"Despite bitter memories of the eight-year, Iraqi-imposed war ... now that a popular government has taken over in Iraq, trade cooperation ... will expand," Ebrahim Tehrani, deputy secretary-general of Iran's business chamber, told his Iraqi counterpart during a recent meeting.

Reuters  

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