Iraq says it welcomes Iran’s participation in its reconstruction for which Baghdad aims to splash out $400 billion.
Iran
is currently a key ally of Iraq in the region, where bilateral ties have seen a
complete turnaround from sworn enemies under the former Iraqi dictator Saddam
Hussein. Annual trade stands at $12 billion which the two countries plan to
raise to $20 billion.
“The
Iraqi government has envisaged $400 billion for rebuilding the country’s
infrastructure in which Iran can have a significant share,” Iraq’s Deputy
Commerce Minister Walid Habib al-Mousavi said in Tehran. He made the
comments in a meeting with Iran’s Minister of Industry, Mines and Trade
Mohammad Reza Nematzadeh who called for serious efforts to expand bilateral
cooperation.
The
two sides discussed supply of foodstuff and other basic goods to Iraq as well
as construction of refineries and cooperation in banking and auto industry
sectors.
Netmazadeh
expressed hope that Iraq could develop an “Arab brand of car with the
cooperation of Iranian automakers”. The minister said the two sides also agreed
to accelerate cooperation between their central banks.
Iran
plays a key role in Iraq’s reconstruction. The Islamic Republic also provides
vital supervisory assistance to the Iraqi army to fight ISIL terrorists and
drive them out of the Arab country.
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