Kuwait, Mauritania discuss boosting economic cooperation

Finance Minister and Minister of State for Economic Affairs and Investment Khalifa Hamadah held talks on Sunday with his Mauritanian counterpart Mohamed Al-Amin Ould Al-Thahabi on issues of joint concern, means of boosting cooperation in various spheres namely the economic and technical sectors.

The Kuwait Ministry of Finance said in a statement that the Mauritanian side, during the meeting, endorsed a number of economic and financial accords that had been previously worked out between the two countries.

The State of Kuwait had unilaterally endorsed the agreements.

The accords, one dealing with economic cooperation, another with averting double taxation and a deal on boosting and protecting mutual investments, have now become in the execution phase.

The meeting was attended by Farouk Bastaki, the Managing Director at the Public Investment Authority, and the director of the Arab and Gulf economic cooperation and the acting assistant for economic affairs, Talal Al-Nimesh.

Source: Kuwait News Agency