(Ecofin Agency) - Egypt signed on October 31 a total of 15 cooperation agreements with the Iraqi government. The deals target the areas of judicial training, oil and water resources, the stock market, and environmental protection. The sectors of health, maritime logistics, road and bridge development, housing and construction, exhibition organization, the fight against subsidies and dumping, industrial cooperation, consumer protection, and investment are also covered.
These new programs will enable Egypt to explore economic opportunities offered by Baghdad in the economic and commercial sectors. According to the Egyptian Prime Minister, Mostafa Madbouly, Egypt plans to accelerate the implementation of development projects in Iraq to help the country rebuild. These investments should be made in exchange for oil, Iraq's main natural resource.
“Today, we bring to the land of Mesopotamia a message of solidarity and congratulations to Iraq, which succeeded by its people’s courage and sacrifices, to triumph over brutal terrorism, and overcome this imminent global danger which threatens all countries and societies of the world,” the official said during the signing ceremony with his Iraqi counterpart Mustafa Al-Kadhimi.
Moutiou Adjibi Nourou