Foreign Minister Fuad Hussein of Iraq emphasized the necessity of boosting economic and investment relations with Morocco in a meeting with Moroccan Minister Nadia Fattah. Their discussions focused on developing strategies, identifying collaboration opportunities, especially in the energy sector, and setting mechanisms for future partnerships. Hussein invited Fattah to Baghdad to further strengthen bilateral dialogue.
On Thursday, Foreign Minister Fuad Hussein emphasized the critical need for enhancing economic and investment ties between Iraq and Morocco. According to a statement from the Iraqi Ministry of Foreign Affairs, Minister Hussein met with Nadia Fattah, Morocco’s Minister of Economy and Finance, in Rabat to explore means of fostering economic cooperation between both nations.
During their discussions, Minister Hussein underscored the importance of creating a comprehensive strategy for promoting these economic relations. He noted there are substantial opportunities for collaboration, particularly highlighting Iraq’s prospective self-sufficiency in the gas investment sector by 2028-2029.
The Foreign Minister also elaborated on Iraq’s initiatives in banking, finance, industry, and tourism, while praising Morocco’s accomplishments in renewable energy. He pointed out the need for mutual cooperation in this sector, as it holds significant potential to positively influence the Iraqi economy.
Furthermore, Minister Hussein mentioned several memorandums of understanding that aim to establish collaborative frameworks between Iraq and Morocco. He advocated for scheduling the Iraqi-Moroccan Joint Committee meetings and organizing a forum in Baghdad to promote private sector partnerships between both countries.
In response, Minister Fattah congratulated Minister Hussein on Iraq’s national strategy and highlighted the active approach being undertaken. She outlined potential areas for future collaboration and reinforced the significance of developing effective mechanisms to bolster economic and investment relationships between Iraq and Morocco.
Lastly, Minister Hussein invited Minister Fattah to visit Baghdad, expressing the intention to continue discussions and strengthen the bilateral relations between their nations.
The strengthening of economic and investment relations between Iraq and Morocco has become a prominent topic of discussion in recent diplomatic exchanges. This initiative seeks to capitalize on existing opportunities and aims to establish sustainable mechanisms for collaboration, particularly in sectors such as gas investment, banking, renewable energy, and tourism. Enhancing bilateral ties is seen as crucial for both countries’ economic diversification and growth.
In conclusion, the discussions between Iraq and Morocco mark a significant step toward strengthening economic and investment cooperation. The focus on developing an integrated strategy and exploring various sectors highlights the mutual interests of both nations. Future collaborations are anticipated to enhance economic resilience and foster stronger bilateral relationships, ultimately benefiting both Iraq and Morocco.
Original Source: ina.iq
