Iraq plans to ask Washington for exemption from economic dealings with Iran

Iraq plans to ask Washington for exemption from economic dealings with Iran

Tuesday 21 August 2018 4:23 pm

Iraq plans to ask Washington for exemption from economic dealings with IranBAGHDAD (Reuters) – Iraq’s economy is so closely linked to Iran that Baghdad will ask Washington to allow it to disobey some US sanctions against its neighbor, government and central bank officials said.

According to Reuters , the “Baghdad is now in a difficult position now. Iraq is an important import supplies from its ally Iran, but the United States, another key ally of Baghdad , offering him aid and security training.”

“The government is planning to ask for an exemption from Washington,” a central bank official was quoted as saying.

Iraqi officials fear a shortage of basic goods if Baghdad commits all sanctions. This may cause political turmoil at a delicate time in the Iraqi political arena.

“We are encouraged by the attitude of the EU countries towards Iran in terms of US sanctions, and they (the European countries) continue to deal with Iran in euros, so why not?”

“Many Iraqi companies do not have US investments, do not deal with the US dollar, they can continue to deal with Iran without problems,” he said.

“Power, construction and government-run and public-sector vehicles are going to be more vulnerable,” an Iraqi Trade Ministry official told Reuters.

“We rely mainly on Iran as a source of construction materials and vehicles, including the spare parts sector, because of low prices and ease of shipping across many of the border crossings.”

Bassem Antoine, a senior economic adviser and member of the Iraqi Businessmen’s Union, said it was impossible for the government to block the flow of Iranian primary goods through a combined border of more than 1,300 kilometers between the two countries.

He said Iran would use every option available to maintain export flows, including helping allied armed groups to secure what could be called “organized smuggling”. Finished

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