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The electrical connection with Saudi Arabia is in its final stages, and a move to include Iraq in the World Trade Organization

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The electrical connection with Saudi Arabia is in its final stages, and a move to include Iraq in the World Trade Organization

political    Yesterday, 21:39
Today, Sunday, the Iraqi

-Saudi Coordination Council announced serious discussions regarding investment in Samawah, and between the electrical interconnection projects with Iraq in its final stages, he indicated a move to include Iraq in the World Trade Organization .

The Secretary-General of the Council and Governor of the Saudi General Authority for Foreign Trade, Abdul Rahman bin Ahmed Al-Harbi, told the Iraqi News Agency (INA), that "the establishment of the Coordination Council between Iraq and Saudi Arabia came in order to strengthen relations, as

it includes all areas and opportunities for cooperation between the two countries, including the Iraqi and Saudi private sectors."

"The aim of the council is to help young people create real job opportunities as well as contribute to the developmental aspects of the Iraqi people," he said.

He added, "The continuous meetings between the Iraqi and Saudi leaderships contributed to following up on all the achievements of the Coordinating Council and supporting all the agreements," noting that

"the Arar road project is one of the pivotal projects that have been completed, and it is the first direct land line, and by the nature of the ports, it is one of the means for commercial outlets between the two countries.".

He stressed that "the Arar port has achieved a growth of 75% over what it was in the first month," noting that

"Saudi Arabia is keen to establish a commercial exchange area in an integrated area, which leads to an objective shift in the port's performance."

He added, "The work of the Arar port continues to be developed from the Iraqi side, and we have noticed the seriousness of this to facilitate the movement of trade exchange."

Al-Harbi indicated that "for the first time a joint business council was formed between the two sides, and a number of commercial and investment opportunities were discussed in various sectors, as

their presence in Iraq creates many job opportunities, provides basic needs and helps in developing infrastructure," pointing out:

"We are at work.

He is serious with the Iraqi side and we address all problems, and that Prime Minister Mustafa Al-Kazemi was a great supporter, and the Secretary of the Coordination Council Hamid Al-Ghazi responded quickly to everything that occurred.

And he indicated that "Saudi investments in Iraq, including the Samawa area, are in serious discussions to determine the locations of the lands in which Saudi projects will invest and find appropriate options," explaining that

"the electrical connection projects with Iraq are in their final stages, and we may announce them in the near period."

He explained that "work is underway to complete the sports city in Iraq, which is the king's gift to the Iraqi people," noting that

"the projects that will be implemented in Iraq are not temporary, but sustainable."

Al-Harbi added that "Saudi Arabia is working to support Iraq and trying to include it in the World Trade Organization, where Saudi Arabia chairs the Arab group," noting that

"we support Iraq to join that world organization and we are ready to provide technical and technical support and convince countries to do so."

Regarding trade exchange, he indicated that "the level of cooperation in the trade balance is clear and there is growth during the past five years, as we are talking about $5 billion," noting that

"one of the most difficult years is the past three years due to the Corona pandemic, which changed all balances."

He stated that "Saudi Arabia is keen to be Iraq's first trading partner in the region, and we are working on this with the Iraqi side," noting that

"Saudi products are very highly accepted by the Iraqi people."

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