Armenia and Iraq discuss Economic Cooperation

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Armenia and Iraq discuss Economic Cooperation

The fourth session of the Armenia-Iraq Joint Intergovernmental commission on financial Cooperation became held in Yerevan on Tuesday 26th August.

The assembly became co-chaired through Armenian Minister of economic system Gevorg Papoyan and Iraqi Minister of Agriculture Abbas Al-Maliki. Discussions included expanding cooperation in trade, industry, agriculture, power, excessive technologies, digitalisation, healthcare, infrastructure, and inter-nearby ties.

Minister Papoyan noted that bilateral alternate turnover handed USD 171 million inside the first 1/2 of 2025, nearly double the extent of the same length remaining yr. He harassed the significance of establishing enterprise boards and alternate visits, and reaffirmed Armenia’s readiness to assist non-public zone tasks, inclusive of joint ventures and consultant workplaces.

The consultation concluded with the signing of numerous documents, consisting of:

The protocol of the commission assembly;
A memorandum of knowledge (MoU) among the Chambers of commerce and enterprise of Armenia and Iraq;
An MoU between the Union of Industrialists and Businessmen of Armenia and the Iraqi Chamber of trade;
An MoU between the Armenian association of builders and the Iraqi Contractors Federation.
A enterprise discussion board was additionally held on the sidelines of the consultation, with the participation of more than 60 marketers from each nations.