On Thursday, Iraq announced that it had agreed with Egypt on-time plans to activate the outcomes of the tripartite summit that was held in the capital, Baghdad, in late June.
This came during talks between the Iraqi Minister of Planning Khaled Batal Negm and the Egyptian Minister of Industry and Trade Nevin Jameh, in Baghdad, in the presence of the Iraqi Minister of Industry and Minerals Manhal Aziz, and other Egyptian officials, according to a statement by the Iraqi Ministry of Planning.
“The talks dealt with joint cooperation between the two countries in the industrial, commercial, and investment fields and ways to develop them, in light of the decisions of the tripartite presidential summit,” the statement said.
On June 27, Baghdad hosted the tripartite summit between Egyptian President Abdel Fattah Al-Sisi, King Abdullah II of Jordan, and Iraqi Prime Minister Mustafa Al-Kazemi, the fourth of its kind since March 2019.
The Iraqi statement added that Baghdad and Cairo agreed to “develop a joint action plan with specific timings, to translate the paths of cooperation and the decisions taken by the leaders of the two countries, into a tangible practical reality.”
The statement did not clarify the content of the plan or any timelines for it, but stressed that it is related to “the development of industry, increasing the volume of trade exchange, and strengthening the relationship between the Iraqi and Egyptian private sectors.”
He added that “the two parties discussed mechanisms of action to establish joint industrial and economic zones and to allow the private sector to take over the tasks of implementing investment projects.”
The two parties also discussed “working to establish permanent trade fairs for industries and various products, and to encourage craft industries.”
The final statement of the last tripartite summit had recommended developing cooperation between the three countries in electric power, gas and oil transmission projects, facilitating the establishment of joint industrial projects and holding joint permanent exhibitions between them.