Iraq and Egypt agree to develop and activate economic ties and increased trade

2017-02-16 at 14:47


Baghdad scales news


Egypt and Iraq, the two declared Thursday, agreeing to develop and activate economic relations and increased exchanges between the two countries.

The Commerce Ministry said in a statement received/balance news/copy, that "Egypt reiterated its firm position in support of Iraq in the face of terrorism and freeing the rest of Iraqi territory control terrorist organizations, in order to return Iraq to exert economic and political role effectively and influential role in the region and the world", noting that "it came during a joint meeting planning and Minister of Commerce collection agency Salman jumaili and Brad Cain Egyptian Trade Minister on the sidelines of the Arab economic and Social Council held in Cairo.

Jumaili said, according to the statement, the meeting discussed possible trade cooperation between the two countries and activating economic and trade relations and effective operation of Rafidain Bank, as well as the possibility of activating the memorandum of understanding signed between the two countries for the supply of edible material within ration requirements.

"He added that "shore also discussed economic and trade issues of common interest and the desire to increase the volume of trade between the two countries and the possibility of genuine partnerships between the private sector and Egyptian".

Meanwhile, Egyptian Trade Minister, expressed his country's desire to develop economic relations with Iraq under the trade protocol, which will include new sections on bilateral cooperation, which opens new perspectives contribute to increased exports and increased experience and participation in investment projects by Egyptian companies that wish to enter the Iraqi market after restoring security and stability in all regions of Iraq and eliminate terrorism.

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He noted, "the importance of activating the agreements and memoranda of understanding signed between the two countries and display facilities for the entry of Egyptian goods and exemption from taxes in Tehran."

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