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$3.68bn of contractual agreements for Egyptian companies in Iraq
Egypt-Iraq, Economics, 12/12/2001
Exporters have been urged to take advantage of the privileges provided by the free trade agreement signed between Egypt and Iraq and was put into effect in August this year.
According to the Egyptian charge d'affairs in Iraq, Hassan el-Zughbi, the volume of contractual agreements of the Egyptian companies in Iraq had reached $3.68 billion within the framework of the tenth stage of the oil-for-food deal with the UN and the figure is expected to rise in the near future.
El-Zughbi had a meeting this week with the Iraqi Minister of Industry and Minerals Maysar Raja Shlah to discuss means of enhancing bilateral industrial and economic cooperation between the two countries.
The Iraqi Minister stressed the role played by the Egyptian companies which are taking part in the reconstruction process in Iraq together with the joint projects between the private sectors in the two countries.
Zughbi said that Egyptian businessmen and companies representatives would take part in a big reconstruction fair to be held in Baghdad in February. He added that the fair would aim in the first place at meeting Iraq's requirements of building and construction materials together with other related sectors such as electricity, agricultural supplies and medical and communication equipment.
He expected the coming period to witness more growth in bilateral trade and economic ties between the two countries urging in that respect the Egyptian companies to enhance their trade with Baghdad.
He stressed the strong desire of both sides to give an impetus to all forms of trade and economic cooperation between the two countries.
Previous Stories:
Egypt's exports to Iraq rise to $ 1.6 billion in 2001
(12/6/2001)
Egyptian- Iraqi telecommunications
(9/28/2001)
Egyptian-Iraqi free trade agreement goes into effect
(8/20/2001)
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