By John Lee.
PanARMENIAN reports that trade between Armenia and Iraq has grown by 30 percent annually.
Armenian Deputy Economy Minister Garegin Melkonyan (pictured) is quoted as saying:
“In 2015, trade turnover between the two countries amounted to $132 million, up from just $49 million in 2012. We exported some $80 million and $126 million-worth products to Iraq in 2014 and 2015, respectively.”
Armenian goods, particularly industrial products, exported to Iraq account for the greatest part of the turnover; the country mainly ships cigars, cigarettes, alcoholic beverages, livestock, and processed food products.