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Iran expects surge in food exports to Iraq

24 October 2015 19:44


Iran said on Saturday that it expects its food exports to Iraq to rise after the economic sanctions against it are removed as a result of the landmark nuclear breakthrough with the P5+1 that was reached in July.

Mohammad-Reza Mortazavi, the president of Iran Food Industries Associations, has told the local media that the removal of the sanctions will lead to a boost in imports of wheat from Kazakhstan, Russia and Ukraine.

Accordingly, he said, this will lead to a surge in exports of ready-to-cook food items to other countries including Iraq.

Mortazavi added that the removal of the sanctions will lead to the imports of a wide range of food products into Iran.

He said the most important products will be dairies, pasta and cereals.

The official further emphasized that there will specifically be a boost in joint investments with European food firms to import cereals and export finished products to other countries. This, he said, could start from next April, Tasnim news agency reported.

Mortazavi further emphasized that the removal of the sanctions will reduce the costs for Iranian food industries by at least 20 percent.

This, he said, will be mainly due to the fact that Iran will be again able to use SWIFT services in banking transactions for imports of raw materials.

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