Iraqi Ambassador to Tehran Muhammaed Majid al-Sheikh invited Iranian businessmen Monday to participate in his country's reconstruction.
According to IRNA, he called for 'institutionalizing trade ties' between the two countries and activating some accords which were signed between the two nations. "The Islamic Republic of Iran has helpful experience which it can use in accelerating Iraq's reconstruction," he told a joint meeting with members of Iran's Chamber of Commerce. Trade transactions between the two countries last year are estimated at US$1 billion.
Head of Iran's Chamber of Commerce, Alinaqi Khamoushi, voiced the country's readiness to help Iraq in such areas as construction of dams and energy plants.