(MENAFN) 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, a significant gathering held in Baghdad from July 7-8, 2024. The session underscored a shared commitment to bolstering bilateral ties, fostering economic partnerships, and refining collaborative mechanisms between the two nations.

In his opening remarks, Sheikh Mohammed bin Hamad bin Qassim Al Thani lauded the strong fraternal relations between Qatar and Iraq, emphasizing their role as a catalyst for deepening cooperation across economic, trade, and investment domains. He highlighted the longstanding bonds founded on mutual trust and fruitful collaboration that continue to underpin bilateral interactions.

The evolving nature of these relations has generated positive momentum, facilitating the expansion and diversification of bilateral cooperation in critical sectors essential for development. Leveraging their respective strengths, capabilities, and shared strategic interests, both countries are poised to explore new avenues for cooperation.

During the committee sessions, there was a keen focus on identifying economic potentials and fostering a conducive investment climate that offers substantial opportunities for collaboration. Key sectors identified include industry, infrastructure development, renewable energy projects, digital transformation, financial services, and logistical solutions. These sectors represent fertile ground for enhancing bilateral relations and boosting trade volumes between Qatar and Iraq.

The discussions highlighted the readiness of both the Qatari and Iraqi private sectors to forge partnerships that capitalize on these opportunities, thereby contributing to mutual economic growth and prosperity. The outcome of the session reaffirms the commitment of Qatar and Iraq to deepen their economic integration and underscores their resolve to explore innovative avenues for sustainable collaboration in the future.

MENAFN09072024000045015839ID1108421286