Casablanca:The Federation of Chambers of Commerce has signed a memorandum of understanding (MoU) with its Moroccan counterpart, aiming to enhance economic and investment cooperation between the two countries.

According to Iraqi News Agency, the MoU was signed in Casablanca with the Moroccan Federation of Chambers of Commerce and Industry, focusing on strengthening economic and commercial ties. The agreement targets expanding partnerships in the industrial, pharmaceutical, and investment sectors and encourages collaboration between Iraqi and Moroccan businesspeople and investors.

Representing the Iraqi side was Mahmoud Abdul-Hassan Jabbar, head of the Al-Diwaniyah Chamber of Commerce and representative for the president of the Iraqi Federation of Chambers of Commerce. The Moroccan side was represented by Hassan Barkani, a member of the Moroccan Parliament, head of the Moroccan-Iraqi Parliamentary Friendship Committee, and vice-president of the Moroccan Federation of Chambers of Commerce and Industry. The signing was also attended by the Iraqi Ambassador to Morocco, Haider Shayaa Al-Barrak, along with several Iraqi businesspeople and investors based in Morocco.

The memorandum outlines the development of cooperation between economic institutions in both countries, enhancing joint investment opportunities, and exchanging expertise across various sectors. It also allows for the participation of the Iraqi side in exhibitions and economic events hosted in Morocco. Furthermore, the agreement includes plans to establish an Iraqi-Moroccan Business Council to strengthen private sector relations, facilitate communication among companies, and explore joint project opportunities in areas of mutual interest.