Palestinian, Russian Businesses To Sign Several Contracts On Friday - Minister
Fahad Shabbir (@FahadShabbir) Published November 21, 2019 | 08:40 PM
A delegation of businessmen accompanying Palestinian Economy Minister Khaled al-Osaily on his visit to Moscow are expected to sign a number of contracts with the Russian private sector on Friday, the minister told Sputnik on Thursday
Al-Osaily is to take part in the session of the Russian-Palestinian Intergovernmental Commission on Trade and Economic Cooperation which is due to take place on Friday.
"I have with me a delegation of 20 business and private sector [representatives]. Very serious business people. Today, I think they will conclude many contracts," al-Osaily said, adding that a "few contracts" would be signed on Friday "between the Russian and Palestinian private sectors."
According to the minister, boosting b2b partnerships is part of Palestine's goal to enhance bilateral economic cooperation with Russia.
"The areas are the raw materials you have excellent raw materials with agriculture and with plastics, with leather and shoes, and many other things. For example, we import aluminum, Russian aluminum, but it was through a Swiss company [before]. Now, we already have an agreement with them to import directly with the Russian factories," al-Osaily said.
Although Russia and Palestine officially established relations in 1974, economic cooperation and trade have been significantly hindered by logistical barriers in the region. In 2015, however, following Palestinian leader Mahmoud Abbas's visit to Russia, an agreement was signed to set up the Russian-Palestinian intergovernmental commission on trade and economic cooperation as a means to overcome these obstacles. The commission has been meeting annually since then.
Recent Stories
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
More Stories From Business
-
Finance minister meets Chairman Anjuman-e-Tajran; discuss issues of business community
20 minutes ago -
Govt ensuring digital access as fundamental right: Ahsan Iqbal
40 minutes ago -
WHO delegation calls on Chairman FBR
40 minutes ago -
Bill drafted to regulate veterinary sciences and animal welfare: Tanveer
1 hour ago -
General Motors lifts 2024 profit forecast after strong Q1
1 hour ago -
Pakistan aims to reach $3 trillion economy by 2047: Ahsan Iqbal
2 hours ago
-
Digital technologies play significant role in economic growth: Shaza
2 hours ago -
Experts raise concerns over introduction of 10-stick packs
3 hours ago -
SACM directs making technical institutes as skill imparting centres
3 hours ago -
General Motors lifts 2024 profit forecast after strong Q1
4 hours ago -
110 urban buses to run in Faisalabad: minister
4 hours ago -
PSX loses 74 points
4 hours ago