Code: 1131263 A

Head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Eshaq says Iran and Iraq have reached an agreement on Iran’s frozen assets in Iraq.

Speaking to ILNA news agency, he added that interaction is underway and one should not be worried about it because expansion of ties between the two countries is more important than this issue.

Reacting to Iraqi Prime Minister’s visit to Tehran, Al-e Eshaq said Mostafa Al-Kadhimi and his seven cabinet ministers’ visit to Tehran shows the importance of the visit, adding that Al-Kadhimi was the first foreign political feature who paid a visit to Tehran under the new government in Tehran and it will have definitely good outputs.

He noted that the ties between Tehran and Baghdad are built based on long term strategies, as the trade volume between the two states in the past has been between 3 to seven billion dollars and it can rise to 20 to 30 billion dollars in the future.

He went on to say that there are good grounds for Iran’s exports to Iraq in the fields of non-oil, oil and developmental projects and it is expected cooperation in the developmental projects in Iraq to increase.

On Iran’s blocked assets in Iraq, Al-e Eshaq said that most of the blocked assets are related to the oil and electricity and the private sector has received its money in Iraq, adding that the two countries have reached an agreement and interaction is underway for unblocking the money.

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Frozen assets Tehran Baghdad Iran-Iraq Joint Chamber of Commerce
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