Iran's export to Iraq drops 10 percent in November

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News code : ۸۳۵۸۴۳

Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini announced "Iran's export to Iraq drops 10 percent due to Iraq's unrest."

Speaking to I LNA news agency, he said that this is the second time that the border has been taken over by protesters and transit through the common borders is not possible at present.

Protesters have once again blocked the entrance to Iraq's Umm Qasr commodities port near Basra, preventing employees and tankers from entering and bringing operations down by 50%, two port sources told Reuters on Monday.

Hosseini added "Iranian cars have been stopped at the border but trafficking trucks is as usual, except through the Umm al-Qasr port."

These events have stopped the process of increasing Iran's exports to Iraq. We had a 10 percent increase in October, but our export to Iraq drops 10 percent this month.

Iran and Iraq have both said they want to cooperate more despite fresh US sanctions on Tehran.

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