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Iraq signs MoU with Saudi Arabia
| Saturday, March |
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The Baghdad Chamber of Commerce announced on Saturday that Iraq signed a memorandum of understanding with Saudi Arabia, noting that the memorandum seeks to encourage the establishment of joint companies from the private sector between the two countries and supporting the projects in them, and urged the authorities of the two countries to facilitate obtaining visas for businessmen.
The Chamber said in a statement received by Alsumaria News that "Iraq signed a memorandum of understanding with Saudi Arabia to support traders and encourage trade between the two countries," noting that "the memorandum signed by Iraq, head of the delegation of the Baghdad Chamber of Commerce to Saudi Arabia Abdullah Saleh Jubouri And Saudi Arabia President of Riyadh Chamber of Commerce Ajlan Ajlan, in the presence of Iraq's ambassador to Saudi Arabia Qahtan al-Janabi.
"The memorandum of understanding represents a strategic framework that outlines the relationship between the Baghdad Chamber of Commerce and the Riyadh Chamber of Commerce, which will expand the horizons of cooperation and encourage bilateral trade between the two brotherly countries." Forums and conferences, as well as conducting studies and economic research to fill the gaps in the laws of trade and economic and international standards.
"The memo supports the efforts to encourage the establishment of joint companies from the private sector between the two countries and support projects in both countries, in addition to exchanging information in the economic and commercial fields and urging the authorities in Iraq and Saudi Arabia to facilitate obtaining visas for businessmen of both countries."
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