Egypt and Iraq sign electricity cooperation agreement
Egypt will provide Iraq with technical assistance and training to upgrade the country's electrical networks, a news report said Tuesday. Under the electricity cooperation agreement, signed by Egypt's Electricity Minister Ali Al-Saidi and his Iraqi counterpart Salah Yousef, the two countries will exchange skills and information on power station maintenance, the Middle East News Agency (MENA) said.
Egypt will train Iraqi engineers and technicians and the two countries will cooperate on the technical distribution of electricity, MENA said.
"Private Egyptian companies specialized in electricity networks are ready to contribute in updating the electricity networks of the Iraqi capital Baghdad," MENA quoted Al-Saidi saying.
Last month, Iraqi Trade Minister Mohammed Mahdi Saleh discussed with Egyptian officials ways to increasing economic ties between Iraq and Egypt. The two countries established a joint commission to discuss ways of expanding economic and trade links between them.
In May, an Egyptian official announced that Iraq and Egypt had agreed on contracts worth about $100 million at an Egyptian commercial fair held in Baghdad.
Egypt's Minister of Economy and Foreign Trade, Yousef Butros-Ghali said Egyptian exports to Iraq would reach $1.2 billion this year, compared to $400 million in 1999. Iraq imports cereals, sugar, medicines, medical equipment, and cars from Egypt.
Iraq severed relations Egypt during the Gulf War, after Cairo joined the US-led Desert Storm operation against Iraq and its invasion of Kuwait. But economic cooperation was revived in 1996 and Egypt became one of Iraq's major economic partners under the U.N. oil for food program. –(Albawaba-MEBG)
© 2000 Mena Report (www.menareport.com)