The plans include finalizing the Shalamcheh-Basra railway project, an approximately $100mn initiative which could significantly enhance trade
Iraq and the Islamic Republic of Iran are advancing plans to boost bilateral trade to $25 billion annually, which would more than double the current levels.
This initiative includes finalizing agreements on the Shalamcheh–Basra railway and establishing joint free trade and industrial zones along their border.
A recent Iraqi delegation to Tehran, led by Prime Minister Mohammad Shia al-Sudani’s advisor Hazem al-Khalidi, focused on these projects, which are expected to enhance cross-border commerce and infrastructure.
The 36-kilometer railway, once completed, will connect Basra to Iran’s rail network, facilitating the transport of up to three million passengers per year and supporting the development of border markets and industrial zones.
The completion of the Shalamcheh-Basra Railway project could also significantly boost trade by reducing transit costs by up to 20 percent.
🔗SOURCE ➡️ The Cradle
Related: 2/23 — 'All Measures Complete' To Restart Iraqi Kurdistan Oil Exports To Turkiye
US President Donald Trump has put strong pressure on Baghdad to resume Kurdish oil exports as part of a plan to end Iranian oil exports
9/14/24- Iran Inks 14 Cooperation Agreements With Iraq During Pezeshkian’s First Foreign Trip
9/25 — Why Does The US Still Control Every Penny Of Iraqi Oil Revenues?
8/13/24 — Striking Iraq: How US–Israel Attacks Are ‘Unifying The Fronts’
7/9 - Iraq to Receive Turkmenistani Gas via Iran-Built Pipeline
3/29/23 - Iraq Signs Five-Year Natural Gas Deal with Iran
7/26/23 — The End of The PetroDollar, The Rise of BRICS is Here — TheMcgwire / PsyopDaily original
7/19/23 - US Issues New Sanctions Waiver Claiming to ‘Help’ Iraq Pay For Iranian Gas
…only to sanction 14 Iraqi banks the next day.
7/20/23 — US Bans 14 Iraqi Banks in Crackdown on Iran Dollar Trade
These sanctions on Iraqi banks plays into the same dynamic seen, with the US targeting individual banks in Turkey and the UAE with sanctions, after the nations ignored the US’s threats, I highlighted in my March 2022 series....
....The real question is why should the sovereign country of Iraq ... have to beg the US permission to conduct business with its neighbor that is in its own interest?
Somewhere in the answer to that question, is the prime reason for why BRICS is rising.
...7/25/23 — Washington Names Itself ‘Custodian’ of Iraqi Debt Payments to Iran via Oman
And thus, its no wonder the global south is breaking away from US control, when it so often overrides their own interests[and sovereignty]
7/12/23 — Iraq to Trade Crude Oil for Desperately-Needed Iranian Gas
7/5/23 — Iraq Wants to Drop Dollar in Iran Trade to ‘Relieve US Pressure’: Report
”Over the past several months, Iraq has been working to lessen its dependence on the US dollar after Washington implemented several strict measures, including sanctions on Iraqi banks and rationing the dollar supply.."
4/6/23 — CIA Director Tells Saudis the U.S. Was Blindsided By Iran Normalization Brokered by China
2/22/23 — Iraq to Allow Trade With China in Yuan - State Media
March 2022 Flashback: US Hegemony Threatened As Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia/China — TheMcgwire / PsyopDaily original
Will threats of sanctions on the neutral gulf states and India... be productive, or counter productive to America’s own security and stability?
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