Iraq and Russia sign 16 agreements in various fields including trade

Russian flag file photo.

Baghdad ( Iraq and Russia signed on Thursday a series of agreements in 16 different fields including trade, and agreed to facilitate investment and trade cooperation.

A statement by the office of Iraqi foreign minister Mohamed Ali al-Hakim, quoted by SNG website, said Hakim, along with Russian deputy foreign minister Yuri Borisov, singed in Baghdad the minute of the eighth meeting of the joint committee of both countries.

Both sides, according the statement, agreed to “eliminate all hurdles facing trade exchange and investments between both countries”.

Several agreements were signed in various fields, including trade, tourism, transport, energy, electricity, industry and information technology.

Iraq and Russia enjoy strong ties in several fields, including commerce and economy, with mutual trade soaring by more than 52 percent in 2017 to USD1.4 billion on an annual basis, according¬† to Russia’s customs authority.


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