As US sanctions bite Iran increases trade with Iraq, KRG

By Saman Basharati

Iran has doubled efforts to increase trade volume with the Kurdistan Region and Iraq and according to local officials, in 2018 alone Iran exported $10 billion worth of import trade with Iraq, a third of it with the Kurdistan Region.

 

Truck drivers on both sides of the border told Rudaw that Iran is now making the process of import/export a lot easier than it was before.

 

Tehran tries to get around the US sanctions and soften the blow by increasing trade ties with other countries.

 

This increase in trade exchange means more foreign currency for a cash-strapped Iran.