Free trade agreement between Iraq, UAE

Iraq on Friday signed a free trade agreement with the United Arab Emirates provides that trade exchange between the two states will reach a value of USD 2.5 billion annually.

The Iraqi trade minister Muhammad Mahdi Saleh said that this agreement will help to at least double the trade exchange volume between the two states.

The UAE minister of commerce and the economy Sheikh Faheim Bin Sultan al-Qaseimi said that this agreement will contribute to strengthening relations between the two countries and will avail the way before numerous investment in the private sector between them.