Iran has Capacity for $31bn Worth of Exports to Neighbors

The Chairman of Iran-Iraq Chamber of Commerce Yahya Al-e Es’hagh said that Iran enjoys a high capacity to export $31 billion worth of products to the neighboring countries of Iraq. Afghanistan and Pakistan.

He made the remarks on Tue. and said. export-based perspectives should be taken into consideration for promoting exports and boosting the quality of products is a prerequisite for spurring export in the country.

With the studies made. the volume of trade exchanges between Iran’s 15 neighboring countries stands at about $1.000 billion. he added.

Iran’s 15 neighboring countries are home to about 500 million people. he said. adding. these countries provide between $200 and $250 billion worth of exports capacity for the Islamic Republic of Iran.

If barriers facing trade and business activities are removed. Iran will be able to export $50 million worth of products to these countries. Al-e Es’hagh noted.

He put the volume of products exported from Iran to neighboring Iraq over the past year at $13 billion while about $9 billion worth of products were exported to Iraq in the nine months of the current year (from March 21 to Dec. 22).

Iran enjoys high potential to export up to $20. $6 and $5 billion worth of products to Iraq. Afghanistan. and Pakistan respectively. he stressed.

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