Syria, Iraq signs trade MoUs

09 Nov 2010

(MENAFN) Syria and Iraq have signed five memorandums of understanding (MoUs) on protecting industrial and trade property, boosting exports, youths, and sports, Sana reported.

The two countries signed the MoUs at the end of the 7th term of the Syrian-Iraqi joint ministerial cooperation committee.

The two countries said that they complied with the regulations of the Arab free trade zone and its executive program.

They agreed to increase cooperation between their trade bodies and figures and to hold seminars to promote products and available investment opportunities.
They also agreed on canceling the five percent fee imposed on Syrian products exported to Iraq.

In addition, Syria and Iraq said they would continue to exchange legislations on internal and external trade, especially regarding protecting national products, competition, combating monopoly, and protecting consumers.

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