Iran benefits from over $4 billion of
trade with Iraqi Kurdistan annually
A Kurdish Peshmerga soldier watches over as fuel
trucks head through Haj Umran border crossing to
Iran, in Iraq's Kurdistan region, July 20, 2010
June 19, 2012
Kurdistan region 'Iraq', — The seventh solo trade
fair of the Islamic Republic of Iran was held in
Erbil, the capital of Iraq's semi-autonomous
Kurdistan region, between June 13th and 17th 2012.
The exhibition that was attended by 165 Iranian
companies from 19 provinces of the country
specialized in the fields of food, carpets,
cosmetics, clothes, agriculture, construction and a
number of other sectors.
Fatehi, Spokesperson of the West Azerbaijan Province
Fairground, stated during the opening ceremony of
the exhibition that the exhibitors participating in
the fair were from the best known exporters of Iran,
and that they are planning to hold 4 more
exhibitions in Erbil this year.
Kermanshahi, Deputy Director of Iran's Development
and Trade Board, claimed that Iran made USD 48
billion of exports in non-oil products last year.
"Out of this volume, USD 5.2 billion belongs to
Iraq, and more half of this was generated from the
Kurdistan Region alone,' explained Kermanshahi.
"Only in engineering and technical services, Iran
has revenue of USD 4.2 billion outside the country,
25% which comes from Iraq."
Kermanshahi also added that this year they are
expecting a total of USD 75 billion in non-oil
exports, USD 10 billion of which comes from Iraq.
Although, the trade volume between Iran and
Kurdistan Region was approximately USD 3 billion in
2011, this rate is expected to raise by USD 1
billion in 2012,www.ekurd.net
since according to Kermanshahi the total trade
volume between Iran and Iraq is expected to be USD
7.5 billion, and if 60% of this belongs to the
Kurdistan Region, then the total trade volume with
Kurdistan reaches over USD 4 billion.
Nawzad Hadi, the Governor of Erbil, appreciated the
historically positive relations between the
Kurdistan Region and neighboring Iran, and
reiterated his governorate's support to keep the
Haji Omaran border crossing with Iran open 24/7 to
facilitate the trade activities of the Iranian and
Kurdish traders on the border.
More than 500 Iranian companies are currently doing
business in Kurdistan Region and this number is
increasing on an ongoing basis.
The Iranian authorities that attended the exhibition
complained that 10% of the trade agreements between
their country and the Region have not been
implemented, especially in terms of transportation
links and standardization of roads.
However, as now there are various projects in Haji
Omaran under construction with a total budget of IQD
18 billion (approximately USD 15 million), it is
expected that parts of the problems can be resolved.
Haji Omaran is a strategic point where large amounts
of capital are transferred from the Kurdistan Region
to the pockets of Iranian traders and businessmen.
This is the very reason why the Iranian authorities
attach great importance to their ties with
Kurdistan, highlighted by a keenness to hold a
number of future trade fairs.
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