Moscow welcomes Iraq's proposal to establish an Iraqi-Russian business forum

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Moscow welcomes Iraq's proposal to establish an Iraqi-Russian business forum



10/25/2017

Economy News _ Baghdad

The Russian government on Wednesday welcomed Iraq's proposal to establish an Iraqi-Russian business forum, while the two governments stressed the need to revitalize the all-round relations between the two countries.

"The Iraqi-Russian Joint Committee held a meeting in the Russian capital Moscow under the chairmanship of Ibrahim al-Jaafari on the Iraqi side and Dmitry Rogozin, Vice-President of the Russian Federation on the Russian side in preparation for holding the seventh session of the work of the Committee, the Ministry of Foreign Affairs said in a statement received" Year 2018 ".
"The two sides reviewed the Iraqi-Russian economic and trade relations and continued to work together to develop the legal and regulatory bases for bilateral cooperation between the two countries," the office said, adding that "the meeting witnessed the development of increasing cooperation in the field of industry and increasing the momentum of efforts to develop cooperation. In the field of oil and gas, and the parties expressed the desire to provide the requirements of the active contribution of the Russian side in the development and rehabilitation of power plants and transport networks in Iraq.

"The Russian side welcomed Iraq's proposal to establish an Iraqi-Russian business forum," the office said, noting that "the two sides noted the promising cooperation opportunities between the two countries in the field of agriculture, water resources and bilateral cooperation in the rehabilitation, reconstruction and construction of new infrastructure projects "He said.
"The two sides expressed the need to exert efforts to promote economic, commercial and investment cooperation, increase the volume of trade exchange between the two countries, including chambers of commerce, industry and joint business councils, and provide all possible support for exchanging visits of delegations and participating in specialized international conferences. In both countries, and provide the necessary advancement of banking and financial. "

The office noted that "the two sides supported the need to activate the comprehensive relations between the two countries, and urged Russian companies to participate in the tenders announced by various Iraqi ministries."

"The Iraqi side expressed its interest in activating the cultural relations between the two countries, the gradual development of cooperation in the field of education, health and the signing of more memoranda of understanding in various fields."

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