The Iraqi-Saudi Coordination Council ends with a series of historic agreements

The Iraqi-Saudi Coordination Council ends with a series of historic agreements

07 April 2019 12:24 PM

The Iraqi-Saudi Coordination Council ends with a series of historic agreementsRIYADH – The General Secretariat of the Iraqi Council of Ministers said that the meeting of the Iraqi-Saudi Coordinating Council ended with a number of agreements, security, trade, economic, banking, investment and tourism agreements .

Saudi Arabia has submitted a list of 891 items of its products for the purpose of reducing or exempting them from customs duties, in addition to a proposal to open a free zone in Arar port after opening in the next six months, the Secretariat said in a statement on Sunday .

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The meetings included the development of financial relations, and urged Saudi banks to open branches in Iraq, in addition to the opening of a branch of the Iraqi Trade Bank in Riyadh mid-next month.

The meeting included the study of the export of Iraqi dates, wheat and other national products, integration of food security between the two countries, investment in poultry and agrarian reform .

The concerned ministries have concluded agreements to invest the Kingdom’s expertise in scientific fields and exchange in the fields of engineering, science, quality, care and discovery of talented people, as well as organizing reciprocal visits to students and increasing scholarships according to the competencies of energy, science and other important disciplines .

In the field of investments, committees of the Iraqi-Saudi Coordination Council have agreed to open the door to investment in the oil and gas, industry, electricity, manufacturing, and the production of electric and renewable energy, as well as investment in phosphate and petrochemicals .

The Secretariat said that the most important decisions of the Council came in agreement to develop a plan for a project to link the railways between the two countries and exchange studies on the development of ports and air transport .

The Council discussed the mechanisms to start the implementation of the stadium stadium to Iraq during the coming months .

In the tourism sector and religious visits, the parties concerned with Hajj and Umrah and religious visits in Iraqi cities have confirmed the rehabilitation of the old pilgrimage route between Kufa and the Holy Land, increasing the share of Iraqis wishing to perform annual Hajj, Preservation of monuments, manuscripts and museums.