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Lusa - Business News - Sao Tome: World Bank announces $100 million financing for next three years
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Lusa - Business News - Portugal: State, Saudi Arabia want to increase economic relations




Lisbon, Oct. 16, 2020 (Lusa) – Portugal and Saudi Arabia will soon convene a joint economic commission to increase economic relations between the two countries, the Portuguese foreign minister announced on Friday after a meeting with his Saudi counterpart.
Augusto Santos Silva welcomed Faizal bin Farhan bin Abdullah Al-Saud, Saudi Arabia's first foreign minister to visit Portugal, to Lisbon.
Bilateral economic relations were one of the subjects discussed, with Santos Silva stressing their desire to deepen the relationship.
To that end, the Portuguese minister said in a press conference after the meeting that the secretary of state for internationalisation, Eurico Brilhante Dias, would agree with the Saudi ambassador on "the timetable for the next meeting of the joint economic commission, in order to improve the economic relationship in practical terms.
The commission, he stressed, is "the institutional framework that allows entrepreneurs to meet and gives the political and institutional guidelines for the development of economic relations".
Santos Silva pointed out that the two countries are "investing a lot in energy transition, taking advantage of their wealth in terms of solar energy and other renewable energy sources", and in "information technologies and the digitalisation of economies".
"This was a political visit, but we both think that a good political relationship is the best framework to improve economic relations," he said.
Faizal bin Farhan bin Abdullah Al-Saud for his part highlighted the contribution that good bilateral relations can make to post-pandemic economic recovery.
"We can explore opportunities for economic cooperation, we have many opportunities, and I hope that the joint economic commission can meet very soon to explore areas where we can expand cooperation," he said.

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Lusa


Agency : LUSA

Date : 2020-10-17 09:56:19







 

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