Iran, feeling sanctions bite, looks for outlet in Iraq
At this year’s Baghdad International Fair, Iranian businessmen displayed thick, colorful Persian rugs to impressed onlookers while others showcased the latest in Iranian manufacturing in power generators and industrial tools. For Iranian companies, the annual Baghdad International Fair is a major event, as exporters in carpets, foodstuffs and heavy equipment look to score sales in […]Qassim Abdul-Zahra and Philip Issa write for AP:
At this year’s Baghdad International Fair, Iranian businessmen displayed thick, colorful Persian rugs to impressed onlookers while others showcased the latest in Iranian manufacturing in power generators and industrial tools.
For Iranian companies, the annual Baghdad International Fair is a major event, as exporters in carpets, foodstuffs and heavy equipment look to score sales in Iraq’s import-dependent economy.
But this year’s edition, running this week, is an even bigger deal than usual: Iran, already feeling the bite of newly re-imposed unilateral U.S. sanctions, is turning to its neighbor to soak up its exports in agriculture, manufacturing and energy.
