Iraq and UAE mark the first steps of trade cooperation

Iraq and UAE mark the first steps of trade cooperation



29/8/2017 12:21 AM

Expert: Countries two powers Aguetsaditan tasks in the area of
Baghdad / Farah pumice
day after the declaration of the Department of Economic Relations at the Ministry of Commerce preparations for the convening of meetings of the ninth session of the Iraqi committee - UAE joint , which is in the activation and development of bilateral relations with the United Arab Emirates and when the last of the importance and status in the World Trade And the investment opportunities that it enjoys as a major center for global investment, the expert on foreign relations, Saad Fayyad, the importance of strengthening relations with the UAE because of the economic development witnessed recently.
Al-Fayyad told Al-Sabah that "Iraq and the UAE are important and important countries in the region, as well as natural resources and the proximity of the two countries."
"The meetings of the joint committee will succeed and produce agreements to open a commercial route that begins in the UAE and passes through Iraq and then to Europe," the expert said, adding that the trade exchange between the two countries is likely to increase.
The Director General of the Department of Economic Relations in the Ministry of Commerce Adel Khudair Abbas has pointed out that "has been approached the relevant authorities to put forward the proposals and topics they wish to put them and discuss with the UAE side during the meetings of the Committee in accordance with the working paper for the Iraqi side."
"Iraq is about to open up to the Arab environment in activating the economic and trade relations, especially as it is in the process of rebuilding the areas that have been liberated from the terrorist gangs," he said.
Abbas also said that his department is preparing a memorandum of understanding between Iraq and Saudi Arabia in the context of economic and trade cooperation, as it addressed the relevant parties to submit proposals and observations for the purpose of its rank within the draft memorandum of understanding between the two countries.
It is worth mentioning that a high-level delegation headed by the Saudi Minister of Trade and Investment visited Iraq to promote and develop economic and investment relations between the two countries in a way that serves the common interests. Several meetings were held with the Prime Minister and a number of officials in the Ministry of Commerce, the Central Bank, businessmen, Which resulted in agreement on a joint working formula to initiate practical and scientific steps in the interest of the two countries and serve the aspirations of their peoples.

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