{"id":9458,"date":"2024-01-12T09:24:16","date_gmt":"2024-01-12T09:24:16","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=9458"},"modified":"2024-01-12T09:24:16","modified_gmt":"2024-01-12T09:24:16","slug":"saudi-arabia-canada-agree-to-re-exchange-trade-delegations","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/9458\/","title":{"rendered":"Saudi Arabia, Canada agree to re-exchange trade delegations"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Saudi Arabia and Canada have agreed to re-exchange trade delegations after it was suspended for five years.<\/p>\n

The Federation of Saudi Chambers of Commerce said it signed a memorandum of understanding with the Canadian side to form a joint Saudi-Canadian Business Council.<\/p>\n

The move came amid Riyadh and Ottawa resumed full diplomatic ties last year.<\/p>\n

Hassan Al-Huwaizi, president of Saudi Chambers of Commerce, said the setting up a joint council is a positive step and it will help elevate trade and business ties between the two countries.<\/p>\n

Al-Huwaizi, on Thursday, also met with Jean-Philippe Linteau, Canada\u2019s ambassador to Saudi Arabia, and discussed ways to improve economic relations and increase trade and investment volume between the two sides.<\/p>\n

He further noted that the business council will provide a platform for businessmen in both countries to promote their activities and engage in partnerships.<\/p>\n

It is also expected to facilitate continuous interaction between business leaders among the two countries, along with exchanging information about opportunities and markets.<\/p>\n

Saudi Arabia was the biggest export market for Canada in the region in 2021. Canadian exports amounted to $1.65 billion at that time.<\/p>\n

Updated on