For economic and commercial purposes, Iraq and Iran sign a memorandum of understanding to establish a joint arbitration center
Shafaq News/ On Tuesday, Iraq and Iran signed a memorandum of understanding to establish a joint arbitration center with the aim of enhancing economic and commercial cooperation.
The head of the Iranian Chamber of Commerce, Industry, Mines and Agriculture, "Gholam Hussein Shafi'i" and the head of the Economic Committee, "Mohammed Reza Pour Ibrahimi" participated in the meeting.
Al-Zuhairi said, during the meeting, that "the bonds of cultural relations between Iran and Iraq and the 1,400 km common border between the two countries will provide a fertile ground for strengthening economic relations between them in the service of common interests."
Al-Zuhairi added, "We are pleased to sign a joint memorandum because of its role in removing the obstacles that stand in the way of cooperation between the two countries."
For his part, Shafi'i said, "The relations between Iran and Iraq are deep-rooted, unprecedented in any country." Shafei added, "Since the two countries' economies are similar to each other and depend on oil exports, it is possible to use the facilities and capabilities available to them in various industrial and agricultural fields, to strengthen relations more and more."
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