IRAQI PRESIDENT WELCOMES ONE-YEAR GRACE PERIOD TO PAY DAMAGES TO KUWAIT

DOHA, Qatar, Feb 12- Iraqi President, Fuad Masum, spoke highly of Kuwait for responding positively to his country’s request, for a one-year grace period, to pay compensations, in connection with the Iraqi invasion of Kuwait.

The Kuwaiti decision is a gesture of goodwill towards Iraq, that will give an impetus to bilateral ties, President Masum said, at a news conference here on Wednesday evening.

He commended the results of the recent visit to Iraq by a Kuwaiti high-level delegation, saying that, the visit added momentum to bilateral ties and serviced the interests of not only Kuwait and Iraq, but the entire Gulf region as well.

He was referring to the fourth session of the joint high-level commission, co-chaired by Kuwaiti First Deputy Prime Minister and Minister of Foreign Affairs, Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah and Iraqi Foreign Minister, Ibrahim Al-Jafari.

President Masum also applauded the outcome of the talks between Iraqi Prime Minister, Haider Al-Abadi and the Kuwaiti Prime Minister, Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah in Kuwait, on Dec 21.

The talks between the two premiers resulted in raising the number of bilateral cooperation agreements to 45, in various fields.

Kuwaiti-Iraqi relations grew steadily in recent years, with bilateral trade volume amounting to USD 2.5 billion last year.

Kuwait is preparing for the opening of two consulates in the Iraqi southern city of Basra and the northern city of Irbil, to cope up with the growing ties

SOURCE: NINA