Iran, Iraq Sign MoU to Establish Arbitration Cooperation

The Iranian and Iraqi chambers of commerce have signed an MoU to establish arbitration cooperation. The website of Iran's Chamber of Commerce and Industry said in a report that an economic delegation from Iran headed by Gholam-Hossein Shafei, Chairman of the Iranian Chamber of Commerce and Industry, accompanied by Mohammad Reza Pourabrahimi, Chairman of the Economic Commission of the Iranian parliament as well as a number of MPs and a group of businesspeople visited Iraq and that participated in a joint Iran-Iraq trade conference on Tuesday. At the conference hosted by the head of the Federation of Iraqi Chambers of Commerce Abdul Razzaq al-Zuhairi and a group of Iraqi businessmen, a memorandum of understanding was signed to set up a joint arbitration center. The head of the Federation of Iraqi Chambers of Commerce Abdul Razzaq al-Zuhairi said that the cultural ties between Iran and Iraq, as well as the 1,400-kilometer of shared borders between two nations, lay the ground for the development of economic relations based on common interests. - Mehr