Strengthening Erbil-Tehran economic ties
Economic agreement to be signed next week
As trade relations between the Kurdistan Region and the Islamic Republic of Iran continue to strengthen, the two governments are to formalize an economic agreement in the near future.
A high-ranking delegation from the Kurdistan Regional Government (KRG) is to visit Iran to meet with the country’s officials and sign the first official economic agreement between the two countries.
During a visit to the Kurdistan Region, the Iranian Vice President for International Affairs, Ali Saeed Lou, raised the issue of signing a protocol between the two countries to boost economic and trade relations between Erbil and Tehran.
Nazim Omar Dabbagh, the KRG’s representative in Iran, said that the delegation headed by the KRG’s Minister for Construction and Housing will be signing the agreement prepared during Saeed Lou’s visit.
According to Dabbagh, the agreement will add extra vibrancy to economic and business relations between the two states.
of this agreement is that it will be the first official protocol between Iran and Kurdistan at the ministerial and vicepresidential level,” Dabbagh explained to a local Kurdish news website.
The unprecedented economic boom in the Kurd- istan Region has encouraged many countries, especially neighboring states, to focus their attentions on economic relations with the Region.
Iran is one of the countries that is trying to make the most out of its neighbor, and which is seeking to recover from its current economic crisis through improved ties with its Kurdish neighbor.
Yavar Mohammadi, the acting governor of Kermanshah Province, says that improving relations with the KRG is a central feature of Tehran’s economic policies, and that doing so will benefit the people of both nations. Mohammadi’s province borders Kurdistan, and contains one of the most active border crossings between the two countries.
Mohammadi argues that the Parwezkhan border crossing is a key factor in the strengthening of the Iranian economy in general, and Kermanshah’s economy in particular.
KRG Trade Ministry statistics show that the trade volume between Iran and the Kurdistan Region has risen dramatically over the past decade and a half, from US$ 100 million in 2000 to an expected US$ 4 billion this year — a fortyfold increase in just 13 years!
Iran’s insistence on continuing its atomic program has forced the United Nations’ Security Council to impose very heavy sanctions on Tehran, which have devastated the country’s economy and its people’s standard of living.
Now, as Tehran has lost hope of trading with other world economies, the Kurdistan Region is its only chance, which is why the Iranian authorities are doing their best to maintain and build on their trade and business relations with the Kurdistan Region.
Nazim Omar Dabbagh, the representative of the Kurdistan Regional Government (KRG) in the Iranian capital Tehran.