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- Iran saffron exports down due to smuggling, government restrictions: Exporter
- Iran FM warns US against ‘serious miscalculation’ in Persian Gulf
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- Iran in reverse brain drain as top students come home in rising numbers
- Iran official calls for compensation for tanker seizure
- Iran hails N Korea for standing against ‘unilateral’ US demands
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- Iran warns US against seizure of oil tanker
- Iraq eager to benefit from Iranian Police’s experience
- Iran planning 3rd step to reduce nuclear commitments: Spokesman
- Leader grants clemency to over 1,000 Iranian inmates
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- Iran deplores suicide attack at Kabul wedding hall
- Iran to hold int'l hand-woven carpets expo
- Zarif meets with Iran-Kuwait Friendship Group members
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TEHRAN, March 8 -Iran says it is ready to provide Iraq with a line of credit (LOC) worth up to three billion dollars to pave the way for the Iranian private sector’s active participation in the reconstruction of the neighboring country.
TEHRAN,Young Journalists Club (YJC)-Iran says it is ready to provide Iraq with a line of credit (LOC) worth up to three billion dollars to pave the way for the Iranian private sector’s active participation in the reconstruction of the neighboring country.
First Vice President Es’haq Jahangiri made the statement at a Wednesday meeting with Iraqi Prime Minister Haider al-Abadi in Baghdad, saying the two sides should work to remove the restrictions in bilateral banking relations, which he said is the main obstacle to closer trade ties between the two nations.
Jahangiri, who is in Iraq at the head of a high-ranking politico-economic delegation for a three-day visit, hailed Iran-Iraq ties as “strategic,” noting that the many commonalities between the two nations can lay the groundwork for the promotion of bilateral economic ties.
Iran and Iraq need a “comprehensive roadmap” for their economic cooperation, which would serve as a basis for their business ties, the senior Iranian official added.
Jahangiri underlined the need for connecting Iran-Iraq railways, saying the route will enable Iraq to have access to the Central Asia and China and link Iran’s railway to the Mediterranean.
source:Press TV
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