Iran Ready to Sign "Zero Tariffs" Deal with Iraq | WHAT REALLY HAPPENED

Iran Ready to Sign "Zero Tariffs" Deal with Iraq

Iranian Foreign Minister Mohammad Javad Zarif announced the country's willingness to ink a deal with Iraq to drop customs tariffs between the two countries.

"The Islamic Republic of Iran is prepared to zero tariff rates between the two countries," Zarif said, addressing an economic forum in Iraq's Southern city of Karbala on Wednesday.

He added that despite the US sanctions, Iran is exporting $2bln worth of gas and electricity to Iraq annually, stressing that the two countries' cooperation in the energy sector can grow if Tehran and Baghdad decide not to allow Washington to impose restrictions and limitations on their trade.

Zarif said 80 Iranian technical and engineering companies are active in Iraq with contracts worth 8bln, and stated, "The Islamic Republic of Iran enjoys very high capacities to reconstruct the post-ISIL Iraq."

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