On March 11, Iranian President Ruhani visited Iraq. This is Rouhani’s first visit to Iraq since he became President of Iran in 2013, aiming to strengthen economic and trade cooperation between Iran and Iran, while also seeking allies in response to U.S. sanctions.
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Ruhani and Iraqi Prime Minister Abdul Mehdi discussed the border, water resources, oil and gas cooperation between the two countries, and signed a number of memorandums of understanding after the meeting.
A statement issued by the Iraqi Prime Minister’s Information Office said that the memorandum of understanding signed by the two countries involved cooperation in oil, trade and medical fields, as well as the construction of a railway connecting the two countries. According to the analysis, Rouhani’s first visit to Iraq aims at strengthening bilateral relations, and the two countries share common interests in many areas. At present, Iraq is exempted from temporary sanctions by the United States and can continue to buy electricity and gas from Iran, but the United States has always hoped that American enterprises will help Iraq achieve energy self-sufficiency.
It is understood that Iran is currently Iraq’s largest trading partner, with trade volume of about 13 billion US dollars, and is expected to increase to 20 billion US dollars in the future.
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