The IME said that its dispatched delegation had several meetings with Iraqi officials to explore new avenues to strengthen economic ties between the two countries over the platform of Iran Mercantile Exchange.
The IME delegation also paid a visit to renowned markets in Iraq.
The IME delegation, meantime, evaluated the economic situation in Iraq on the ground while visiting markets in important cities of Baghdad, Kerbela and Najaf.
Decision-makers in IME are of the opinion that the IME will rekindle trade of Iranian commodities in Iraq by establishing an office there, the IME said.
The IME was established on September 20, 2007 in accordance with article 95 of the new la of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.
Various sectors of economy and national industry benefit from the exchange operation. The IME currently offers various services, including:
Performing as the first market providing access to the initial offering of the listed commodities in the IME,
Price discovery and price making for Iran's Over the Counter (OTC), secondary markets and the end users,
Providing venue for government sales and procurement purchases,
Providing Trading platform and user interface,
Providing Clearing & Settlement services
Risk management,
Technology services,
Training and education of the market participants.