Trade Minster: Cooperation With Saudi Arabia Will Support Iraqi Economy And Contribute To Increase The Volume Of Trade Exchange Between The Two Countries

Baghdad / NINA /- Minister of Trade, Mohammed Al-Ani said "The visit of the Iraqi delegation to Saudi Arabia is a positive step in the development of relations between the two countries, stressing that this visit will have positive repercussions on the economy of Iraq. "The visit of the Iraqi delegation to Saudi Arabia is an important and positive step to build important economic and investment relations with Saudi Arabia, since there is a strong desire for both sides to develop relations," Al-Ani said in a statement, added "The participation of the private sector and businessmen in this historic visit will contribute to the achievement of partnerships and benefit from the Saudi capital in the establishment of service and urban projects." The minister pointed out that "this visit will reflect economic benefits that serve the economy of Iraq." The ministry said that "Trade Minister Mohammed al-Ani, who is accompanying the Iraqi delegation that is visiting Saudi Arabia under the chairmanship of Prime Minister Adel Abdul-Mahdi, will participate in the events of the Iraqi-Saudi forum to be held in Riyadh." The Iraqi delegation in Riyadh signed 13 agreements and memorandums of understanding between Iraq and Saudi Arabia in the presence of Prime Minister Adel Abdul Mahdi and King Salman bin Abdul Aziz and ministers from the Iraqi and Saudi sides. The agreements and memorandums of understanding included the signing of a memorandum of understanding in the field of political consultations, an agreement on mutual recognition of product conformity certificates, the agreement on promotion and protection of investment, memorandum of understanding in the field of agricultural cooperation, memorandum of understanding in the field of industry and mineral wealth, ,a memorandum of understanding in the field of electric energy, a memorandum of understanding in the field of scientific and educational cooperation between the Ministry of Education of Saudi Arabia and the Ministry of Higher Education and Scientific Research of Iraq, a memorandum of understanding on a program of cultural cooperation, a memorandum of understanding on technical cooperation program, a memorandum of understanding to study the feasibility of electric linkage, a memorandum of understanding for cooperation in the maritime field, and the organization of passenger and cargo operations on land roads. "/ End