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Russia, Saudi Arabia agree to explore expanding economic cooperation — Documents

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Russia and Saudi Arabia have agreed to explore the expansion of the roadmap for trade, economic, scientific and technical cooperation by the end of 2019.

This is according to the protocol signed at the meeting of the joint intergovernmental commission and obtained by Sputnik.

“The sides reviewed the implementation of the roadmap for trade, economic, scientific and technical cooperation between the Russia and Saudi Arabia for the medium term, signed on Oct. 5, 2017 in Moscow, and agreed to consider expanding this road map by the end of 2019,” the protocol said.

The sides, in particular, noted that plans to cooperate on the Saudi Vision 2030 programme and the Russian national projects provided strategically important opportunities.

“The sides reviewed the current status of trade relations between Russia and Saudi Arabia.

“The sides confirmed their readiness to contribute to the further growth and diversification of trade and to remove structural barriers in trade,” the document said.

Moscow and Riyadh agreed to encourage the participation of Russian and Saudi representatives and organisations in international exhibitions and conferences in both states.

The sides also decided to exchange experience and information regarding their legislative bases in the field of trade, industry, free economic zones and industrial cities.

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