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Negotiations «border crossing points» Iraq with Saudi Arabia revive the hopes of raising the bilateral trade 50%

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Source: Middle East - 10/08/2009

Negotiations «border crossing points» Iraq with Saudi Arabia revive the hopes of raising the bilateral trade 50%

Will enhance the re-opening of the import of products and reduce the costs of 15% .. And the arrival of the goods in 12 hours

News outlets revived negotiations border between Iraq and Saudi Arabia now the hopes of the export sector in Saudi Arabia to increase its presence in the Iraqi markets more broadly, and to increase bilateral trade and benefit from the process of re-import operations and the expansion of its production.

The higher Abdul Mayali Muthanna's governor singled out by «Middle East» close yesterday on the negotiations would be through Iraq's Ambassador to the Kingdom with the Saudi government on the opening of border crossing points, and revealed the meeting with the Emir of the area near the northern border in Saudi Arabia in the coming days.


Dr. Abdul Rahman Al Zamil Chairman of the Executive Board of the Saudi Export Development Center that is currently performing the opening, the «new Ar'ar» would be a major outlet for exports to Iraq, Saudi Arabia, referring to a meeting with the Ambassador of Iraq twice, the conviction of the importance of performing in Iraq during this phase of the construction phase, there .


Zamil added that Saudi Arabia will add real value to the Iraqi markets, where it will be possible to transfer cargo from Saudi ports, specifically the port of Jeddah, the port during the 12 hours, and even performing the Iraqi capital will not exceed 4 hours, when it is otherwise carried out by other outlets, or through sea.


According to Saudi Arabia-Zamil exporting companies that incur high costs and complexities of strain where strict requirements and fees up to the Iraqi market, pointing out that Saudi Arabia, which the trucks to reach Iraq from Saudi Arabia, ranging from 300 to 350 trucks per day across the states of Jordan and Kuwait.


Zamil pointed out that the expected gains from the opening of the performing products at a reduced cost of not less than 15 per cent of all export goods, and will support the competitiveness of products, which currently enjoys the reputation of high quality and on the Iraqi market.


Zamil pointed out that the expected gains from the opening of the performing products at a reduced cost of not less than 15 per cent of all export goods, and will support the competitiveness of products, which currently enjoys the reputation of high quality and on the Iraqi market.


Zamil believes that the time is appropriate, with the signs of calm and stability in Iraq, which calls on Saudis to lift all the demands of exporters and to facilitate the termination of this file, which will push to raise the bilateral trade volume between the two countries for more than 50 per cent in the lower forecasts.


The President of the Executive Board of the Export Development Center of the Council of Saudi Chambers: «the demands of the business sector of Saudi exporters and manufacturers in all economic activities of the food and construction materials and other opportunities more limited now, especially with Iraq's presence in the building stage, and needs to import to meet its requirements », while noting that Saudi Arabia will benefit through the re-importation of many countries, including Syria and Iran.

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