Lebanon, Iraq Sign MoU to Step up Cooperation in Various Areas

Lebanon and Iraq on Sunday signed a Memorandum of Understanding (MoU) aimed at strengthening ties in the economic, industrial, scientific, environmental and technological fields, according to a statement released by Lebanon’s Industry Ministry.

“The MoU also intends to improve business cooperation between the two countries”, the ministry’s statement said.

The MoU was signed by Iraqi Minister of Industry and Minerals Manhal Aziz al-Khabbaz and Lebanese Industry Minister George Bouchikian, who is on an official visit to Iraq to discuss ways of boosting relations between the two countries.

George Bouchikian said he discussed technical and economic issues with Iraqi officials in order to facilitate exchanges and set up joint investments in the industrial and production sectors that meet both countries’ demands, particularly in the pharmaceutical and food industries.

“Iraq is looking forward to benefitting from Lebanon’s pharmaceutical manufacturing expertise”, al-Khabbaz on his part said.

In addition, the two countries agreed to remove technical barriers to the flow of commodities between them.

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