Strength­en­ing Er­bil-Tehran eco­nomic ties

Eco­nomic agree­ment to be signed next week

The Kurdish Globe - - NEWS -

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.

“The

sig­nif­i­cance

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.

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