Iraq and Morocco Commit to Strengthening Economic Ties
Foreign Minister Fuad Hussein of Iraq emphasized the need to strengthen economic ties with Morocco during meetings in Rabat. Discussions revolved around enhancing cooperation in gas, finance, tourism, and renewable energy sectors. Hussein planned for memorandums of understanding and proposed a joint committee meeting to solidify partnerships. Moroccan Minister Nadia Fattah praised Iraq’s strategy and expressed the desire for stronger economic relations.
In a recent meeting in Rabat, Foreign Minister Fuad Hussein of Iraq emphasized the significance of strengthening economic and investment ties between Iraq and Morocco. He discussed the necessity of creating an integrated strategy to foster collaboration between the two nations, highlighting Iraq’s potential in the gas sector and its ambitious plans to achieve self-sufficiency by 2028-2029.
During the discussions, Minister Hussein also explored Iraq’s plans in various economic domains, including banking, finance, and tourism. He commended Morocco’s experience in renewable energy, asserting the critical importance of joint cooperation in enhancing Iraq’s economy.
Hussein proposed the establishment of memorandums of understanding aimed at forming collaborative frameworks between the two countries. He recommended scheduling a meeting for the Iraqi-Moroccan Joint Committee and organizing a business forum in Baghdad to promote private sector partnerships.
In response, Moroccan Minister of Economy and Finance, Nadia Fattah, praised Iraq’s national strategy while acknowledging the potential areas for future collaboration. She underscored the need to establish effective mechanisms for enhancing economic ties and investment cooperation between Iraq and Morocco.
The meeting concluded with Foreign Minister Hussein inviting Minister Fattah to visit Baghdad, aiming to further discussions and strengthen bilateral relations between the two countries.
Iraq and Morocco are seeking to enhance their economic and investment relations, recognizing the mutual benefits of collaboration in key sectors. The discussions focus on establishing integrated strategies, particularly in the realms of gas investment, finance, and renewable energy. Shared goals such as improving infrastructure and fostering private sector involvement are pivotal for both nations as they work towards a prosperous future and robust partnerships.
The dialogue between Iraq and Morocco marks a significant step towards enhanced economic cooperation, with key focus areas identified for future collaboration. Both countries are committed to creating frameworks for joint ventures and sustaining partnerships that can lead to growth in sectors like gas, finance, and renewable energy. The invitation to strengthen ties signals a proactive approach to fostering bilateral relations.
Original Source: ina.iq
