Arab News, Wed, Jun 05, 2024 | Dhu al-Qadah 28, 1445
Saudi Arabia, Kuwait finalize project to streamline customs procedures
Saudi Arabia, Kuwait:
Trade exchange between Saudi Arabia and Kuwait is set to increase further with
the completion of their land customs technical connectivity project.
The completion of the project was revealed on
Monday during the second meeting of the two countries’ coordination council.
The announcement is a significant step toward
enhancing trade and facilitating the movement of goods between the two nations,
which aims to streamline customs procedures and promote smoother cross-border
trade.
The two sides also praised the cooperation that
resulted in the flow of capital and bilateral trade, which contributes to
enabling mutual investments between the two neighboring countries and the
continuous development they are witnessing in all sectors, including energy,
industry, rail connectivity and communications, as well as IT, infrastructure
and real estate development, according to the Saudi Press Agency.
Moreover, the two parties emphasized the
importance of strengthening existing cooperation and coordinating efforts in
combating terrorism and extremism as well as their financing. They also
underscored the significance of exchanging experiences in that field for the
security of the two countries.
In addition, they affirmed Saudi Arabia and
Kuwait's endeavor to develop a common vision for closer and sustainable mutual
cultural, media, tourism, and social development collaborations.
Also, they underlined the need to boost
cooperation in cultural programs, strengthen their media regulations, program
and news exchange, and joint television and radio production.
Furthermore, the collaboration in educational
development was commended, aligning with the consensus to enhance the
partnership between universities in both countries. This includes providing
scholarships and streamlining the admission process for students at their
respective academic institutions.
Besides, the two sides expressed their enthusiasm
to strengthen their relations and expand cooperation in health, tourism, and
sports sectors between the two countries.
Saudi Minister of Foreign Affairs Prince Faisal
bin Farhan and his Kuwaiti counterpart Abdullah Ali Al-Yahya, who cochaired the
meeting at the headquarters of Kuwait’s Ministry of Foreign Affairs, expressed
their satisfaction with what was reached in the meetings of the subcommittees,
which resulted in the adoption of 50 initiatives that will enhance cooperation
between the two countries in all fields and push their relations to broader
horizons.