Iraqi Foreign Minister Fuad Hussein met with Moroccan Minister Nadia Fattah to discuss enhancing economic and investment relations. They addressed strategies for cooperation, focusing on sectors like gas investment, renewable energy, and banking. Hussein proposed the creation of memorandums of understanding and a joint committee meeting. Fattah praised Iraq’s national strategy and the potential for future collaboration.
On Thursday, Iraqi Foreign Minister Fuad Hussein emphasized the significance of enhancing the economic and investment relations between Iraq and Morocco. He addressed this during a meeting with Nadia Fattah, the Moroccan Minister of Economy and Finance, in Rabat, where they discussed strategies for improving cooperation between the two nations. Hussein highlighted the necessity of establishing a comprehensive strategy to foster these relations, underscoring the abundance of collaborative opportunities available.
During the discussions, Hussein noted Iraq’s aspirations to achieve self-sufficiency in the gas sector by 2028-2029, outlining future economic plans. He praised Morocco’s accomplishments in renewable energy, pointing out the importance of joint ventures in this area to positively influence Iraq’s economy. Furthermore, an emphasis was placed on developing collaborations in banking, finance, industry, and tourism sectors.
Hussein expressed the intention to establish memorandums of understanding, aimed at creating effective working mechanisms between the countries. He also advocated for scheduling a meeting of the Iraqi-Moroccan Joint Committee and organizing a business forum in Baghdad to bolster private sector partnerships. In reciprocating, the Moroccan Minister shared her appreciation for Iraq’s national strategy and highlighted potential areas for future cooperation.
Furthermore, Minister Fattah acknowledged the importance of creating practical mechanisms to solidify economic and investment ties between Iraq and Morocco. The session concluded with Hussein extending an invitation to Fattah to visit Baghdad to further bilateral dialogue and cooperation.
The discussion between the two nations reflects a growing desire for mutual economic cooperation, particularly as both countries explore opportunities in various sectors. Iraq is on a path toward economic revitalization, particularly in natural resources, while Morocco has significant advancements in renewable energy and economic reforms that can serve as a model. Strengthening ties is expected to benefit both nations significantly by allowing them to leverage each other’s strengths. This meeting signifies a pivotal moment in Iraq’s foreign relations strategy, emphasizing economic collaboration as a means of national development.
In conclusion, the meeting between Iraq and Morocco’s foreign ministers marks a strategic effort to deepen economic and investment cooperation. This collaboration is essential for both nations as they seek to enhance their economic sectors and explore new opportunities. Continued dialogue and the establishment of a framework for cooperation will likely lead to substantial benefits for both countries in the near future.
Original Source: ina.iq
