DUBAI, Nov 17 (Reuters) - Iranian President Hassan Rouhani said on Saturday Iran and Iraq could raise annual bilateral trade to $20 billion from the current level of $12 billion, in remarks carried live by state television.

"Today, the economic relations between the two countries reach about $12 billion (per year) and, through bilateral efforts, we can raise this figure to $20 billion," Rouhani told visiting Iraqi President Barham Salih. (Reporting by Dubai newsroom Editing by Gareth Jones)