Sign In / Up

Add contribution as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Comment as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Login

Not a member Register   Forgot Password
or connect using
 

Email

 

Rudaw

Business

KRG and Iran sign trade deals worth up to $200 million

By Rudaw 13/8/2017
Rudaw's file photo shows an Iranian trade fair in the capital of the Kurdistan Region, Erbil, in August 2014.  Iran is Kurdistan Region’s second largest trade partner after Turkey, conducting $8billion of trade in 2014.
Rudaw's file photo shows an Iranian trade fair in the capital of the Kurdistan Region, Erbil, in August 2014. Iran is Kurdistan Region’s second largest trade partner after Turkey, conducting $8billion of trade in 2014.
ERBIL, Kurdistan Region – Two chambers in the Kurdistan Region have signed protocols with Iranian traders that would have them establish offices in their respective countries and see trade exchange of up to $200 million.
 
Head of Kurdistan's Union of Importers and Exporters, Mustafa Sheikh Abdulrahman, told Rudaw that a protocol signed between the Union and the Chamber of the Iranian Cooperatives stipulates that the Kurdish side will open an office in Tehran, and the Iranians open theirs in Erbil.
 
Abdulrahman also said that a second protocol between Erbil Chamber of Commerce and their counterpart in the Iranian province of Hamadan would facilitate further trade between the two cities.
 
This comes as the Chamber of Cooperatives in Hamadan announced earlier this month that they had signed an agreement with the Kurdish authorities to export 56 goods and food items to the Kurdistan Region worth $56 million in 2017-2018, up from $38 the previous year. It said that the agreement allows Hamadan to increase the export up to $200 million. 
 
Hamadan is located 500 km southeast of Erbil. Iran is Kurdistan Region’s second largest trade partner after Turkey, conducting $8billion of trade in 2014.
 
Tehran has expressed opposition to Kurdistan Region’s independence referendum of September 25, with the country’s national security advisor telling a visiting Kurdish delegation to Tehran that they should not expect “good things” coming out of Iran as a response.
 
Mustafa said that he received reassurance from Iran’s head of the Cooperatives, Bahman Abdollahi with whom they signed the first protocol, that not only borders will not be closed, but that they have plans to increase trade activity in between them.
 
“[He] said the Iranian borders will not face problems with regard to the Kurdistan Region, and that they encourage the owners of the companies to further export their food products to the Kurdistan Region,” Mustafa said.

Be Part of Your Rudaw!

Share your stories, photos and videos with Rudaw, and quite possibly the world.

What You Say

Muraz Adzhoev | 2/24/2018 2:34:40 PM
Kosrat Rasul certainly knows and is very well aware of the unfortunate and shameful fact that the “bouquet of flowers” that Hero Ahmed is talking...
Jujab | 2/24/2018 6:24:41 PM
Kak Kosrat knows exactly what kind of Garbage he is dealing with from hero to Bavel to Ala and the rest PUK who sold Kirkuk . If he is not calling...
PUK’s Hero Ibrahim demands Kosrat Rasul act on congress date
| 11 hours ago | (2)
Muraz Adzhoev | 2/24/2018 6:11:07 PM
According to the picture and video there were much more and mainly supporters of the PKK, PYD and Gorran in Sulaimani, rather than true “protesters”...
People across Kurdistan Region protest ongoing Turkish attacks on Afrin
| 7 hours ago | (1)
Muraz Adzhoev | 2/24/2018 1:17:52 PM
Why and what for is Nina Larson using this absulutely unacceptable in terms of the original ancient Kurdish ethnical, cultural, spiritual and...
Truth-seeker | 2/24/2018 6:07:42 PM
`They raped women and girls as young as eight'-following their role model, Their so called prophet Mohammad, who raped Aysha aged 9, having started...
Yezidi survivor won't return to Iraq for fear of new 'genocide'
| yesterday at 11:07 | (4)
IranMan | 2/24/2018 6:02:49 PM
Luckily the Iranian people are not as gullible as the rudaw.net editors to pay any attention to what the Trump administration, which is the main...
Iranian female MP voices support for women arrested on charges of violating hijab code
| 3/2/2018 | (1)

Elsewhere on Rudaw

UN Security Council unanimously agrees 30-day Syria ceasefire  4 hours ago |

UN Security Council unanimously agrees 30-day Syria ceasefire

The resolution gained the support of the Syrian more
US to send Erbil $365 million to pay Peshmerga salaries, KRG minister confirms 9 hours ago | (3)

US to send Erbil $365 million to pay Peshmerga salaries, KRG minister confirms

It will cover the monthly salaries of nearly more
Olive grove execution next chapter in Turkey’s operation yesterday at 03:35 | (5)

Olive grove execution next chapter in Turkey’s operation

the man is shot more than a dozen times more
1.125 seconds