Iraq commits to paying debt owed to Iranian companies
A senior Iranian official say the Iraqi government has vowed it would soon settle debts owed to Iranian companies for various infrastructure projects executed in the Arab country in recent years.
Deputy Foreign Minister for Economic Diplomacy Mehdi Safari said on Monday that he had received guarantees about the settlement of the debts during a meeting earlier in the day in Baghdad with Iraqi Prime Minister Mohammed Shia' Al-Sudani.
Safari quoted Sudani as saying that Iraq’s 2023 budget will also provide for the funds needed for completion of a key railway as well as a highway linking Iranian border cities to the Iraqi railway and highway networks.
Iranian firms have been a major supplier of technical and engineering services and equipment to Iraq in recent years amid efforts in the Arab country to recover from years of invasion and militancy.
However, Iranian contractors working for Iraqi government agencies and state entities have had problems receiving payments for their projects mainly because of US sanctions on Iran.
Safari, who also met Iraqi President Abdul Latif Rashid in Baghdad on Monday, said that Iran and Iraq had agreed to further boost their trade and economic ties.
He said the two countries would resume holding meetings under a key intergovernmental economic committee format years after the initiative was suspended.
He said a first meeting of the intergovernmental committee is expected to be convened within the next few weeks.
Iran reports slight increase in mining sector exports in April-October
Immunity of Iran’s shipping industry to illegal sanctions
Iran parliament committee approves to lower car import tariffs
VIDEO | Paris march in support of Palestine women
VIDEO | ICC issues arrest warrants for Israeli prime minister, ousted regime war minister
120 Palestinians perish as Israeli war machine keeps ravaging Gaza
VIDEO | Struggles of Palestinian women amidst war, displacement
VIDEO | Hezbollah rains attack drones down on elite Israeli brigade
VIDEO | US biased mediation fails
Leader: All captains of criminal, Zionist, terrorist gang must be prosecuted
Iran further raises its oil prices for Chinese buyers: Report
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
