Algeria, Kuwait sign trade, tourism deals

Algeria and Kuwait signed here Tuesday two cooperation agreements on trade and tourism. The agreements were signed by Algerian Algerian Finance Minister Karim Djoudi and Kuwait's Finance Minister, and Acting Education Minister and Higher Education Minister Dr. Nayef Al-Hajraf at the conclusion of the joint committee meeting. Both sides set next April for a special committee meeting to follow up investment cooperation file. The two sides also agreed to organize seminars and commercial-related meetings in Kuwait and Algeria to explore investment opportunities. Algeria and Kuwait asserted importance or organizing exhibitions for products of both countries. Djoudi handed over to Al-Hajraf a draft agreement on cooperation and exchange of information between the Bank of Algeria and the Central Bank of Kuwait (CBK). Al-Hajraf said he would refer the draft deal to CBK for study. Both parties voiced satisfaction Kuwait Projects Co. (KIPCO) partnership with Algeria over the establishment of a pharmaceutical company, producing power generators, farming and creation of other firms. The Kuwaiti side briefed the Algerians over the water desalination experience.Type the text here