(MENAFN - Kuwait News Agency (KUNA)) BAGHDAD, July 17 (KUNA) -- Iraq and Kuwait agreed on Wednesday to establish four committees that will look into bolstering economic ties and increase commercial exchange.
This announcement came during a press conference between Iraqi Minister of Commerce Mohammad Al-Ani and Kuwaiti counterpart Khaled Al-Roudhan in Basra governorate.
Al-Ani, on his part, said that he and Al-Roudhan visited the Safwan-Al-Abdali crossing to check on proposed plans to develop the facility.
The development of the crossing will eventually lead to further commercial exchange between Kuwait and Iraq, said Al-Ani.
He revealed that both the Iraqi and Kuwaiti sides agreed on holding a meeting on September fifth to look into matters obstructing more development in economic ties.
Meanwhile, Al-Roudhan said that the current status quo of the Safwan-Al-Abdali crossing would not live up to ambitions of more economic cooperation, revealing that the formation of the four committees will tackle any issues in the way of bolstering economic ties.
Bringing his perspective to the table, governor of Basra Asad Al-Aidani stressed the importance of holding talks between Kuwait and Iraq.
He affirmed that the local authorities in Basra would do its best to contribute to the development of economic ties.
Al-Roudhan's visit came to continue discussions on establishing a free trade zone between the two countries and bolstering commercial exchange. (end)