Saturday, 25 May 2019 06:49 GMT

Iraq, Saudi Arabia to boost trade ties

(MENAFN - Jordan News Agency)
Baghdad, Mar. 14 (Petra) -- Saudi Arabia on Thursday expressed willingness to establish a trade zone with Iraq in Arar border city in northern Saudi Arabia.

Saudi Minister of Commerce and Investment, Majed Qasabi, who is currently visiting Iraq, said his country is ready to provide Iraq with technical and financial support, and cover all financial expenses to establish a single-window trade system, of which Arar border crossing will be the first step.

Iraqi Chairman of the Border Crossings Commission, Kadhim Iqabi, said in a statement, following a meeting with Qasabi, that it has been agreed upon to provide all necessary requirements to open the Arar border crossing no later than next October, emphasizing the need to complete the customs measures and move towards implementing the single-window trade system.

Iraq wishes to establish the trade area on its side of the borders to create job opportunities to Iraqi locals, Iqabi explained.

14/03/2019 20:53:57


Iraq, Saudi Arabia to boost trade ties


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