Armenia-Iraq Trade up 30% Annually

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.

(Source: PanARMENIAN)