Washington — Saudi Minister of Commerce Dr. Majid Al-Qasabi, met the US Secretary of Commerce Gina M. Raimondo in Washington. The two discussed broadening the trade ties between the two friendly countries.
Princess Reema bint Bandar bin Sultan, the Saudi Ambassador to the US, was also present at the meeting.
Al-Qasabi said the discussions came in continuation of both countries’ eagerness to expand bilateral coordination per a joint action plan to grow the commercial exchange opportunities in several profitable economic sectors, such as:
- Developing the green economy.
- Bolstering the role of women in business.
- Developing SMEs.
- Encouraging innovation.
The meeting was attended by several officials of the University and the Saudi Ambassador, the Deputy Minister of Commerce, Dr. Eiman Al-Mutairi.
The meeting explored the academy’s research and other recently launched projects. They discussed specifically the University’s center of comprehensive trade and development.
Al-Qasabi also met Reta Jo Lewis, the President and Chair of the Board of Directors of the EXIM Bank of the United States, and discussed opportunities to enhance Saudi-US economic partnership.
The Saudi delegates also held bilateral meetings with several officials at the US Department of Commerce to institutionalize and enhance communication between the two sides at all levels.
In addition to reviewing the top reforms implemented to increase Saudi Arabia’s competitiveness.
The Saudi and US officials also discussed the possibility of a bilateral partnership for producing hydrogen and waste management. Both sides sought to promote innovations and intellectual property protection.
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They also discussed AI-based knowledge economy, cloud storage, data flow, developing SMEs, and women’s role and participation in economic development.