Foreign Minister Fuad Hussein of Iraq stressed the importance of enhancing economic and investment relations during a meeting with Morocco’s Economy Minister Nadia Fattah in Rabat. The discussions centered around developing a joint strategy and cooperation in various sectors, especially gas investment. Minister Fattah acknowledged Iraq’s strategic plans and stressed the importance of collaboration, culminating in an invitation for continued dialogue in Baghdad.
Foreign Minister Fuad Hussein emphasized the critical need to strengthen the economic and investment ties between Iraq and Morocco during a meeting in Rabat with Nadia Fattah, Morocco’s Minister of Economy and Finance. This meeting aimed to explore opportunities for enhancing bilateral cooperation in various sectors.
Hussein articulated that developing a cohesive strategy and solid foundations is essential to advancing economic relations between the two nations. He highlighted Iraq’s potential in the gas investment sector, aiming for self-sufficiency by 2028-2029, and outlined Iraq’s plans for progress in banking, finance, industry, and tourism.
Additionally, he praised Morocco’s expertise in renewable energy and stressed the importance of mutual collaboration in this area, noting its positive implications for the Iraqi economy. Hussein proposed the creation of working mechanisms and urged for a date to be set for the Iraqi-Moroccan Joint Committee meeting, along with a business forum in Baghdad to foster partnerships between the private sectors of both countries.
In response, the Moroccan Minister commended Iraq’s strategic initiatives and the ongoing action plan. She underscored the importance of developing mechanisms to enhance bilateral economic and investment cooperation. Subsequently, Minister Hussein invited Minister Fattah to Baghdad to further discussions aimed at fortifying their bilateral relationship.
The discussion between Iraqi Foreign Minister Fuad Hussein and Moroccan Minister of Economy and Finance Nadia Fattah signifies a collaborative effort to boost economic relations between the two nations. Both countries recognize the potential for economic partnerships in various sectors, including energy and investment. Iraq’s strategic plans for economic growth, particularly in gas, reflect an inclination towards diversification and international collaboration, aligning with Morocco’s expertise in renewable resources. Strengthening these ties could foster enhanced trade, investment opportunities, and knowledge sharing, particularly in light of Morocco’s experiences in renewable energy. This meeting marks a significant step in establishing a framework for future cooperation, aiming to realize shared economic aspirations.
In conclusion, the meeting between Iraqi and Moroccan officials underscores a mutual commitment to fostering economic and investment relations. The emphasis on strategic development and cooperation in diverse sectors, particularly renewable energy, highlights the potential for significant growth. The proposed initiatives, including the establishment of working mechanisms and a business forum, aim to facilitate a stronger economic partnership that benefits both Iraq and Morocco.
Original Source: ina.iq
