The Kingdom of Saudi Arabia seeks to promote bilateral trade with Paraguay

By Carmen Luisa Ugueto Liendo

As published by the portal La Nación, the Kingdom of Saudi Arabia seeks to promote bilateral trade with Paraguay.

The Minister of State for Foreign Affairs and member of the Council of Ministers of the Kingdom of Saudi Arabia, Abel Bin Ahmed Al Jubeir, along with his team of collaborators, is in the country and, this past Monday, met with the Minister of Industry and Commerce (MIC), Luis Castiglioni, occasion in which they shared the bilateral interest in promoting trade and attracting investments.

“We are exploring many areas in which we can cooperate and sign agreements, whether it is political consultations, avoiding double taxation, promoting investment or trade, or cultural and educational exchanges in all areas, because our countries have a very similar perspective to the world situation,” expressed the authority of the Kingdom of Saudi Arabia.

He stressed that they believe it is time to take this relationship to a completely new and much higher level, for which there is no obstacle, given the mutual perspectives and priorities.

Hence, the visit is part of the ongoing efforts to develop and expand relations with the country in all areas.

The Saudi minister stressed that the economies are complementary, not competitive, and that his country has many products and services that would find markets here, as well as Paraguay in Saudi Arabia.

“Our goal is to enhance contacts between the two countries,” Al Jubeir added.

This State of the Arabian Peninsula is committed to the diversification and expansion of the economy, the opening of new investment areas, the reduction of energy dependence, in the search for entertainment, leisure, technology, renewable energy, and other investments so the universe of possibilities is quite wide.

Abel Bin Ahmed Al Jubeir stated his position regarding the sovereignty of nations, the principle of non-interference in the internal affairs of other countries, respect for international law, and the belief in the peaceful resolution of conflicts.

He emphasized that foreign relations and domestic policy are focused on internal development, training women and youth, and attracting national and international investment, according to a report by the Ministry of Industry and Commerce (MIC).

With information from América Retail