Iranian President Hassan Rouhani spoke about increasing economic links between his country and Iraq at a meeting with Iraqi President Barham Salih in Tehran on Saturday.
Rouhani remarked that trade between the two nations stands at about “$12 billion (per year) and we could through bilateral efforts raise this figure to $20 billion.”
Salih struck a similar tone saying that it was “time to create a new system in our region” to better serve the interests of the nations within it, and added that Iraq would not forget Iranian support in fighting the self-proclaimed Islamic State, saying that “Iran, with its support to us, performed a great role in defeating terrorists.”
Salih’s visit comes just weeks after the re-imposition of harsh sanctions on Iran by the United States on November 5. The US has granted the Iraqi government a 45-day temporary waiver to allow them to continue to purchase natural gas and electricity from Iran, while they seek alternative sources.