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 Iran to expand economic cooperation with Iraqi Kurdistan

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

 


Iran to expand economic cooperation with Iraqi Kurdistan 26.2.2007

 






February 26, 2007

Tehran, Iran, -- Iran and Kurdistan autonomous region of Iraq are to increase bilateral economic ties by seizing existing opportunities, the secretary general of Iran's Chamber of Cooperatives said on Sunday.

Mohammad-Reza Ramezani added that Iran plans to hold solo exhibitions in Iraqi cities of Sulaimaniyah, Erbil, Kirkuk as well as a permanent trade center in Kurdistan province of Iraq.

He made the remarks in a meeting with Iraqi presidential advisor for commercial affairs in Iraqi Kurdistan Abdullah Saeed.

He said Iranian cooperative sector should get acquainted with requirements of the Iraqi people in order to get a foothold on Iraqi markets.

On his part, Saeed said that the two neighboring countries had longstanding political and economic relations, and the Arab state intends to expand mutual ties.

The Iraqi official underlined that some 600 foreign companies from European, Asian and African countries as well as Turkey are active in housing and agricultural sectors, and have representative offices in Kurdistan.

He also referred to about 200 Iranian companies, which have started activities in various fields in Iraq.

According to the advisor, Kurdistan of Iraq should turn into an economic hub in line with expansion of ties with cooperative sector of Iran.

"Iraq has investment regulations and banking system, and guarantees foreign investments," he said, adding that Iranian companies will be registered in the Arab country.

irna ir 

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