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Baghdad and Tehran sign minutes to develop economic relations
Economical 2023/03/14
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Yesterday, Monday, Trade Minister Atheer Daoud Al-Ghurairy announced the details of the meeting of the fifth session of the Iraqi-Iranian joint committee, while referring to the signing of a joint minutes for the development of economic relations.
Al-Ghurairy said, in a joint press conference with the Minister of Economy and Financial Affairs, Ihsan Khandozi: "The meeting of the fifth session of the Iraqi-Iranian committee witnessed the signing of a joint minutes that included agreement on many matters and understandings that would develop the economic relationship between the two sides and increase the economic understandings that serve the two peoples.”
He added, "There are many understandings included in the minutes, including the investment side, the free zones side in the field of trade, economic exchange, increasing this exchange, establishing industrial zones, cooperation in the field of railway connectivity, cooperation in the field of water and common borders, cooperation in the field of electricity, oil, and the financial and banking aspect." He continued, "the meeting It also included the ripening of memorandums of understanding and the activation of what is under study," explaining that "this will be under the follow-up of the Iraqi Minister of Trade and the Minister of Economy and Financial Affairs." Its governmental program and the Prime Minister's directive with special sponsorship for the private sector and facilitating matters in front of the Iraqi side's exports and the trade balance of the two countries, so that there is a constructive trade exchange and interest in industries and commodities that have a comparative advantage for both parties.
And he indicated that "this interest aims to develop the relationship in a way that serves both parties and not from one party," pointing out that "the government curriculum or government program, which we have actually started implementing, is to establish and develop the best relations with all countries of the world, especially neighboring countries," explaining that "Iraq has a role Positive in international understandings, especially with neighboring countries, and specifically with Iran.
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