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IRAQ & SAUDI ARABIA DISCUSS IMPROVING TRADE EXCHANGE

IRAQ & SAUDI ARABIA DISCUSS IMPROVING TRADE EXCHANGE THROUGH THE JDEIDET ARAR PORT.

During a joint field visit to the port on Wednesday, Saudi and Iraqi officials discussed setting up the new Arar border crossing between the two countries, as well as facilitating transport procedures and trade exchange operations, in the context of enhancing cooperation and achieving what was agreed upon by increasing and accelerating trade exchange volume.

Eng. Suhail Abanmi, Governor of the Saudi Zakat, Tax, and Customs Authority, and Dr. Rumaih Al-Rumaih, Chairman of the Saudi Transport Authority, met with an Iraqi team led by Dr. Omar Al-Wae, Director of the Border Ports Authority, at the port.

The two sides addressed all obstacles and potential solutions, as well as measures to increase the speed of work and cooperative collaboration, which would help to enhance the economic and commercial relationship between the two nations.

The only land link connecting the two nations is the Jdeidet Arar port. It was reopened on November 18 as part of the Saudi-Iraqi Coordination Council’s cooperative work efforts that bring them together.

The council aims to strengthen strategic communication between the two countries and offer up new partnership opportunities in the areas of the economy, development, security, investment, tourism, culture, and media.

It also aims to strengthen bilateral cooperation in important international and regional affairs, protect common interests, develop partnerships between private sector companies in the two countries, provide businessmen with opportunities to learn about trade and investment opportunities, and adopt effective means to help them exploit them.

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