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SAUDI-SENEGALESE COMMITTEE STARTS SECOND SESSION
Riyadh, 3rd,4th Apr 2001

  THE SECOND SESSION OF THE SAUDI-SENEGALESE JOINT COMMITTEE FOR ECONOMIC, TRADE, INVESTMENT, CULTURAL AND TECHNICAL COOPERATION STARTED HERE ON TUESDAY.

THE SESSION WAS CO-CHAIRED BY THE MINISTER OF COMMERCE, OSAMA JAFAR FAQIH AND SENEGALESE FOREIGN AFFAIRS MINISTER SHEIKH TIDIANE GADIO.

THE TWO SIDES DECIDED TO FORM 5 COMMITTEES TO REVIEW ITEMS ON THE AGENDA OF THE SECOND SESSION IN A SPEECH AT THE SESSION, THE MINISTER OF COMMERCE STRESSED THE NECESSITY TO ACTIVATE CHANNELS OF THE BILATERAL COOPERATION AT THE ISLAMIC AND INTERNATIONAL FORUMS.

HE CALLED ON BUSINESSMEN OF THE TWO COUNTRIES TO IDENTIFY INVESTMENT PROSPECTS TO ENHANCE COOPERATION AND TO SUPPORT MUTUAL BENEFITS IN THE LIGHT OF THE NEW FOREIGN INVESTMENT REGULATION 'THE KINGDOM HAS BEEN SUPPORTING ECONOMIC AND SOCIAL DEVELOPMENT IN ALL DEVELOPING COUNTRIES THROUGH BILATERAL, REGIONAL AND INTERNATIONAL CHANNELS,' THE COMMERCE MINISTER SAID.

HE DISCLOSED THAT 72 AFRICAN COUNTRIES HAD BENEFITED FROM THE SAUDI SUPPORT PROGRAM AND SENEGAL'S SHARE FROM THIS PROGRAM TOTALED $480 MILLION.

ON HIS PART, THE SENEGALESE FOREIGN AFFAIRS MINISTER STRESSED THE IMPORTANCE OF INCREASING TRADE EXCHANGE BETWEEN THE TWO COUNTRIES.

HE PRAISED THE STRONG TIES BETWEEN THE KINGDOM OF SAUDI ARABIA AND SENEGAL.

Source: SPA

4/4/01 3:01:54 PM

SAUDI-SENEGAL COMMITTEE CONCLUDES ITS WORKS3 RIYADH

 THE SECOND SESSION OF THE SAUDI-SENEGALESE JOINT COMMITTEE FOR ECONOMIC, TRADE, INVESTMENT, CULTURE AND TECHNICAL COOPERATION CONCLUDED HERE ON WEDNESDAY.

 THE SESSION WAS CO-CHAIRED BY THE MINISTER OF COMMERCE, OSAMA JAFAR FAQIH AND THE SENEGALESE FOREIGN AFFAIRS MINISTER, SHEIKH TIDIANE GADIO.

 THE TWO MINISTERS SIGNED THE FINAL MINUTES OF THE SESSION.

 THEY STRESSED ON THE IMPORTANCE OF DEVELOPING TRADE EXCHANGE, SETTING UP JOINT TRADE EXHIBITIONS AND ENCOURAGING EXCHANGE OF VISITS BETWEEN SAUDI AND YEMENI BUSINESSMEN THE TWO SIDES CALLED FOR BENEFITING FROM DIFFERENT PROGRAMS AND MECHANISMS OF FINANCING TRADE UNDER THE AUSPICES OF THE ISLAMIC DEVELOPMENT BANK.

 THEY URGED FOR PROMOTING COOPERATION IN THE FIELD OF SPECIFICATION AND STANDARDIZATION.

 THE TWO SIDES ALSO UNDERLINED THE IMPORTANCE OF PROMOTING COOPERATION IN THE SPHERE OF INTERNATIONAL COMMUNICATIONS BY ESTABLISHING A DIRECT CIRCUIT BETWEEN THE TWO COUNTRIES THE TWO SIDES STRESSED THE IMPORTANCE OF FOLLOWING UP THE TOPIC OF THE IDB FINANCING A STUDY ON ESTABLISHMENT OF A MARINE LINE BETWEEN JEDDAH AND DAKAR.

 THEY HIGHLIGHTED THE IMPORTANCE OF ENHANCING COOPERATION BETWEEN THE TWO COUNTRIES IN THE INFORMATION FIELD.

 THE TWO SIDES UNDERSCORED THE IMPORTANCE OF DEVELOPING COOPERATION IN THE SPORTS AND YOUTH FIELD.

Source: SPA

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