(MENAFN- The Peninsula)
The Peninsula
Doha, Qatar: Minister of Commerce and industry H E sheikh Mohammed bin Hamad bin Qassim Al Thani and Minister of Commerce of the Republic of Iraq H E Athir Daoud Salman Al Ghurairi co-chaired the seventh session of the Qatari-Iraqi Joint Committee for Economic and Trade Cooperation, held in Baghdad from July 7-8, 2024.
The session reflected the mutual commitment to enhancing bilateral cooperation, developing economic partnerships, and improving joint mechanisms between the two sides.
In his opening remarks, Sheikh Mohammed bin Hamad bin Qassim Al Thani, praised the close fraternal relations between the State of Qatar and the Republic of Iraq.
He noted that these relations serve as an incentive to strengthen and deepen cooperation in the economic, trade, and investment sectors. He highlighted the historic and solid relationships built on mutual trust and fruitful cooperation between Qatar and Iraq.
These relationships have evolved over the years, creating positive momentum to advance and diversify promising bilateral cooperation in sectors that are pivotal for development, considering the unique potential, capabilities, and shared strategic and economic interests of both countries.
The committee also highlighted economic potentials and promising investment environments of both sides that represent significant opportunities for the Qatari and Iraqi private sectors to build partnerships.
The opportunities discussed exist in vital sectors such as industry, infrastructure, renewable energy projects, digital transformation, financial and logistical services, among others, that are ripe for cooperation to develop relations and increase trade exchange.
At the conclusion of the seventh session of the Qatari-Iraqi Joint Committee, a joint protocol was signed, outlining more exhaustive areas of agreed cooperation between the two countries, that included trade, industry, investment, free zones, the private sector, energy, finance, taxation, customs, transport, civil aviation, telecommunications, information technology, reconstruction, housing, general municipalities, infrastructure, agriculture, water resources, education, higher education, scientific research, health, environment, culture, youth, sports, labor, social welfare and justice.
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