FINANCIAL NEWS

Saudi Arabia, New Zealand to boost trade ties

30 Apr 2014

(MENAFN) Saudi Arabia and New Zealand are planning to deepen economic cooperation between them as Saudi Arabia will open an embassy in the country and New Zealand will appoint a resident trade commissioner at its embassy in the Kingdom, Arab News reported.

The deputy head of mission at the New Zealand embassy in Riyadh said: “Saudi Arabia has confirmed its intention to open an embassy in New Zealand capital. Whereas our government announced to appoint trade commissioner in Riyadh. This will bolster our ties with greater co-operation between the two countries.”

During a Joint Ministerial Commission (JMC) meeting, both sides expressed their keenness to increase bilateral trade efforts, encourage investments, enhance co-operation in education including exchange of academic staff, extend co-operation in the field of technical and vocational training co-operation.

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