Indonesia, Iraq sign economic agreement

Indonesia, Iraq sign economic agreement

JAKARTA (JP): Indonesia and Iraq signed yesterday an agreement
on economic, scientific and technical cooperation and the
formation of a joint commission of a ministerial level.

The agreement was signed by Director General of Foreign
Economic Relations Soemadi D.M. Brotodiningrat and Iraqi
Ambassador to Indonesia Sa'doon Jal Zubaydi.

A spokesman for the Ministry of Foreign Affairs said
yesterday's deal will stand as an umbrella agreement to promote
trade and economic ties between the two countries.

The joint commission will serve as a forum to address any
problems that might emerge from the implementation of the
umbrella agreement.

According to the ministry, the umbrella agreement stipulates,
among other things, that any intellectual property resulting from
the implementation of the agreement will belong to both parties,
which will be individually entitled to use it for further
development.

The joint commission will hold regular meetings alternately in
Indonesia and Iraq and each delegation to the meetings will be
chaired by ministerial-level officials. (13)