News On Iran & Its NeighboursIraqIraq-Iran trade and tourism increasing

Iraq-Iran trade and tourism increasing

-

UPI: The U.S. Congressional Research Service said non-oil trade between Iraq and Iran reached about $2 billion in 2007. United Press International

BAGHDAD, March 7 (UPI) — The U.S. Congressional Research Service said non-oil trade between Iraq and Iran reached about $2 billion in 2007.

Though largely one way, Iraq and Iran engaged in trade relations involving a variety of products from construction material to produce, medicine and poultry, Radio Free Europe/Radio Liberty said.

Barring fuel shipments from Iran, Iranian imports travel to markets in Iraqi convoys. Most Iraqi shoppers said they would rather get their goods from Iran than other Gulf nations, the RFE report said.

“The imported goods from Iran stand out because of their low prices and good quality, which is the reason for their popularity,” said one local merchant in al-Kut, located about 60 miles from the Iranian border.

But some Iraqi producers say the amount of arable land should be able to make the markets in Iraq self-sustaining.

“Is it reasonable for (Iraq), with its fertile lands, to import cucumbers and tomatoes from Iran and Turkey?” asked another merchant.

But both countries experienced a boom in travel as religious pilgrims take advantage of the new freedom of movement following the overthrow of the Saddam Hussein regime in 2003.

As many as 2,000 Iranian pilgrims travel to Shiite holy cities in Karbala, and many Iraqis travel to Iran for similar reasons.

“Tourism between Iraq and Iran has undergone major development since the fall of the (Saddam) regime,” said an owner of a tourist business in Iraq.

Latest news

Iran’s Regime Claims Reaching Agreement with Oman, but Strait of Hormuz Will Not Be Reopened

While the Iranian regime seeks to portray its control over the Strait of Hormuz as a sign of power...

Iranian Regime Arms Shipment for Houthis Seized in the Red Sea

Forces of Yemen's internationally recognized government seized an arms shipment sent by the Iranian regime to the Houthi militants...

Iranian Regime Reports Attacks on U.S. Bases in Response to Larak Strike

Following the U.S. attack on IRGC positions on Larak Island, which killed and wounded several IRGC personnel and local...

U.S. Attacks IRGC Positions on Larak Island

Reports indicate that U.S. forces attacked two launch platforms belonging to Iran's Islamic Revolutionary Guard Corps (IRGC) on Larak...

Behind The $6 Billion Preferential Currency Allocation Scandal In Iran’s Auto Assembly Industry

News about the allocation of a large share of the automotive industry's government-supplied foreign currency to assembly companies has...

The Broken Chain of Healthcare in Iran’s Most Deprived Province

In recent days, the death of a teenager once again exposed healthcare deficiencies in Sistan and Baluchestan in southeastern...

Must read

An uncanny fatwa

Iran Focus - Editorial: The U.S. State Department issued...

MI6 probes UK link to nuclear trade with Iran

The Observer: A British company has been closed down...

You might also likeRELATED
Recommended to you