NEWS
ECONOMY   Transportation  

Iranian Construction Companies to Showcase Capabilities in Northern Iraq

A host of knowledge-based construction companies of Iran's private sector will showcase their capabilities, products, and achievements at the 11th Erbil international building construction exhibition in mid-April 2019.

Iran will set up a pavilion at the 11th Erbil International Building-Construction, Municipality Equipment, Machinery & Natural Stone Exhibition in the Iraqi city.

Dubbed Erbil Building, the event is the most important exhibition of building construction in Iraq, which brings together many participants and visitors from various parts of the world, particularly the neighboring countries.

The exhibition is scheduled for 22 - 25 April 2019.

In a related front, earlier on January 21, officials from Iran and Iraqi Kurdistan region announced that Iran and Iraq will open a new border crossing to further ease the transit of goods, transportation of cargos, and bilateral trade between the two countries.

Officials visited various facilities and commercial complexes on both sides of the border in a bid to increase economic ties.

Deputy Governor-General for Political Affairs of Iran’s Western Province of Kurdistan Hossein Khosheqbal met officials from the Iraqi district of Panjwen. 

Panjwen is part of Sulaymaniya, a city in the Iraqi Kurdistan Region. 

They visited the Siran-Band border crossing and market to see for themselves the difficulties in the way of more transport and transit.

Panjwen Mayor Zana Rahman said, “The Iraqi central government has agreed that Siran-Band become an official border crossing.” 

He said the groundwork for the crossing's formal opening has been laid so that passengers can cross the border in the coming weeks. 

The Iraqi delegation later visited commercial complexes at Baneh county on the Iranian side of the border.

In a related front on November 20, senior Kurdish officials said the Iraqi Kurdistan Region is resolved to continue business in Iran's market under any conditions, and said Erbil will help Tehran to pass through the sanctions era.

"The Iraqi Kurdistan will help Iranian people and government under the US sanctions," Chairman of Iraqi Exporters and Importers Union in Kurdistan Sheikh Mustafa Abdul Rahman said on the sidelines of an exhibition in Alborz province.

The Iraqi Kurdistan official reiterated that Iran has great potentials in the field of manufacturing and industry, and said, "We are very pleased that we live in the vicinity of the Islamic Republic of Iran."

Sheikh Abdul Rahman, meantime, welcomed the expansion of economic and trade cooperation with Iran, and said, "There is good cooperation between Iran and Iraq."

"Due to the high quality of Iranian goods, we welcome the presence of different Iranian products in the markets of Iraqi Kurdistan," he added.

The Iraqi Kurdistan official noted that in order to expand mutual trade cooperation between Iran and Iraq, the obstacles in the way of monetary and banking relations must be removed.

In relevant remarks a senior official announced in early May that Tehran and Erbil were working closely to conclude strategic agreements in the near future.

"Good economic meeting in Erbil and implementation of agreements will open new chapter in bilateral ties," Head of Iraqi Kurdistan Union of Chambers of Commerce and Industry Dara Jalil Khayyat told reporters.

He described the recent economic meeting between Iran and Iraq's Kurdistan region as satisfactory.

Iran and Iraqi Kurdistan Region held a two-day joint economic meeting in Erbil on May 2-3.

Khayyat reiterated that the joint meeting led to signing an important agreement between the two sides.

"Implementation of the agreement will solve many problems created for the businesspersons and border areas," he added.

News No: 3546
Date: 2019/02/04 - 16:32
News Source: FARS News Agency

Iraq  Erbil  international building  trade  transportation 

Comments:

Leave a Comment:

   
   
   
 

China atop Iran’s Trade Partners

China, the UAE, Turkey, Germany and India are the top exporters of goods to Iran, supplying more than 57% of the country's imports, according to the data released by the Islamic Republic of Iran Customs Administration.
 

Iran's Trade With Australia Grows 26%

Iran traded 89,066 tons of non-oil commodities worth $148.22 million with Australia during the first 10 months of the current fiscal year (March 21, 2018-Jan. 20), registering an 86.46% and 26.02% growth in tonnage and value respectively compared with last year's corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.
 

Iran Vows to Increase Economic Ties with Iraqi Kurdistan

Iranian Foreign Minister Mohammad Javad Zarif, in a meeting with Head of the Kurdistan Region Security Council (KRSC) Masrour Barzani on Saturday, reassured that expanding relations with Erbil, particularly in economic fields, is atop Tehran’s agenda.
 

Erdogan: Turkey Ready to Launch Own SPV for Iran

Turkish President Recep Tayyip Erdogan said his country is "ready" to set up its own trade mechanism with Iran, allowing companies from the two neighboring countries to continue with their "legitimate" business amid the hostile US sanctions.
 

Sherritt International reports higher annual nickel production at Cuban JV

Sherritt International (TSX: S) released its financial results for Q4 2018, today, reporting the company’s share of finished nickel production at the Moa joint venture (JV) in Cuba and Saskatchewan, Canada was 4,294 tonnes, up 4% from last year, while finished cobalt was 428 tonnes, down 8% from Q4 2017.
 

Iran, Turkey Agree to Increase Border Trade Traffic

Iranian and Turkish customs officials reached an agreement to ease border traffic of trucks between the two countries, agreeing to let in over 450 trucks on both sides of the border on a daily basis.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners