Hassan Rohani has traveled to Iraq for the first time in five years. This visit happens as Iran faces US sanctions that have had a strong negative impact on Iran’s economy.
Iraq has become Iran’s first trade partner, despite pressure from Washington. According to official reports, trades between the two countries have reached 10 billion dollars, attributable to imports of Iranian gasoline, electricity and services by Iraq.
Most of these trades are imports of Iranian products by Iraq and Rohani expects to double the volume of these trades within two years.
Since the fall of former Iraqi dictator Saddam Hussein, the two countries have become close allies. Iran was the first country to help Iraq fight against ISIS by supplying weapons to Iran.