KSA, Iraq agree to increase maritime trade

Saudi Arabia and Iraq have inked a maritime agreement to increase the movement of commercial vessels between the two countries, supporting trade exchange and facilitating port access procedures, Middle East Monitor (MEMO) reports.

The agreement, signed Thursday in Riyadh, also provides for increasing the volume of trade exchanges through the Jdeidet Arar port by facilitating the procedures, and accelerating the movement of trade exchange at the port.

The aim is to see to it that the handling process does not exceed four hours per container.

Periodic reports will be submitted for assessment and improvement.

Both sides also agreed to expand the road linking the port and the Saudi border.

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