Foreign Minister Fuad Hussein stressed the need for stronger economic and investment ties with Morocco during a meeting with Moroccan officials. He discussed Iraq’s economic plans and the potential for cooperation, particularly in energy, finance, and industry. Both nations expressed commitment to establishing effective mechanisms for collaboration, with plans for further discussions in Iraq.
Foreign Minister Fuad Hussein highlighted the essential need for enhancing economic and investment ties between Iraq and Morocco during a meeting with Moroccan Economy and Finance Minister Nadia Fattah in Rabat. He emphasized the importance of formulating a comprehensive strategy to achieve this enhancement, stating there are significant cooperation opportunities available. Hussein shared insights on Iraq’s economic plans, particularly focusing on self-sufficiency in gas investments projected for 2028-2029.
The discussions also addressed Iraq’s ambitions in banking, finance, industry, and tourism, showcasing Moroccan achievements in renewable energy. This area is seen as crucial for bolstering Iraq’s economy and promoting mutual economic growth. Hussein noted that establishing a series of memorandums of understanding would facilitate the creation of effective working mechanisms between the two nations.
The Moroccan minister commended Iraq’s national strategic initiatives and the comprehensive action plan in progress. She expressed interest in future cooperative sectors, emphasizing the necessity of effective mechanisms to foster economic and investment collaboration. Hussein extended an invitation to the Moroccan minister to visit Baghdad for continued discussions and to strengthen bilateral relations.
The relationship between Iraq and Morocco has the potential for significant economic collaboration. Recent meetings between the foreign ministers highlight mutual interests in enhancing trade and investment frameworks. With Iraq’s focus on economic recovery and development in sectors like gas, banking, and renewable energy, partnerships with Morocco can create a solid foundation for shared growth. Morocco’s experience in renewable energy and economic reforms can provide valuable insights to Iraq as it seeks to diversify and develop its economy post-conflict.
FM Fuad Hussein’s discussions with Moroccan authorities underscore the importance of reinvigorating economic relations between Iraq and Morocco. By setting clear goals and establishing effective cooperation mechanisms, both nations can leverage their strengths, particularly in sectors like renewable energy and banking, to achieve mutual economic benefits. The proposed meetings and memorandums aim to lay down a robust framework for continued collaboration in the future.
Original Source: ina.iq
