"In terms of trade with Iraq, we have created good opportunities, so when a $ 20 billion trade deal with Iraq is raised, the issue is not limited to exporting," Mohammad Reza Mudoudi said in a press statement on how to reach a $ 20 billion trade with Iraq. Goods ".
"In order to achieve a trade exchange of 20 billion dollars with Iraq, it is necessary to consider the export of a range of goods and services," he said. "In order to reach this size, attention must be paid to exports of liquefied gas, tourism, electricity and various services."
He explained that "the current trade volume between Iran and Iraq is about 13 billion dollars, and linked 8.5 billion to 9 billion dollars of exports of goods, and the rest is linked to the export of technical services - engineering, tourism and electricity."
"During this visit, the objective of trade exchange was set at 20 billion dollars between the two countries over the next two years," Mudoudi said.
"Iran exports 2.5 billion dollars of liquefied natural gas (LPG), nearly $ 1 billion of electricity annually to Iraq, and in addition to the revenues from Iraqi tourists visiting Iran, it can be said that the volume of trade relations with Iraq is between $ 13 billion and $ 14 billion a year , And given the issue of reconstruction of Iraq, and the subject of tourism, it can raise this size to 20 billion dollars.
He added that Iran imported $ 50 million worth of goods from Iraq during the first 11 months of the current Iranian year (ending March 20, 2019).
"Iraq should enjoy its share of trade with Iran, and if Iraq can generate revenues of $ 3 billion to $ 4 billion from Iranian visitors and tourists, and we can raise our exports to Iraq to between $ 16 billion and $ 17 billion, Billion dollars of trade has been achieved. "