Iran and Iraq signed an export deal today.
Iran has signed a $4 billion contract related to the export of technology and engineering services to Iraq. The purpose of the agreement is to make up for the decline in Iran’s non-power exports to Iraq. From March to November this year, such exports fell by $1.4 billion to $4.7 billion. The reason for the decline was the delay in forming the Iraqi government, Iran’s state-run Press TV reported.
Important reasons: Recently, there have been many developments in Iran-Iraq relations. Iraqi Prime Minister Mohammed Shia al-Sudani finally took office in late October, a year after Iraq’s last elections. yesterday, Sudani visits Iran He discussed cooperation with Ayatollah Ali Khamenei on economy, security and religious tourism, according to a tweet from the prime minister’s official account.
Earlier this week, Ayatollah Khamenei called on Iraq to take action against Iranian Kurdish rebel groups based in the autonomous Kurdistan region of northern Iraq. Widespread anti-government protests in Iran have begun in Iran’s own Kurdish areas, and the Islamic Republic has responded by escalating cross-border attacks against Kurdish groups.
Iran is Iraq’s main export partner and provides power to neighboring countries. But Iran cut power exports to Iraq earlier this year, blaming problems related to US sanctions. Besides electricity, Iran’s main exports to Iraq in 2021 were agricultural products, engineering services and construction materials. According to Iraqi Kurdish news agency Rudaw, these exports increased by 21% that year.
Know more: Iran’s oil ministry also announced yesterday that it opened an office in Baghdad.
