TURKEY AND SAUDI ARABIA SIGN ECONOMIC PROTOCOL

-TURKEY AND SAUDI ARABIA SIGN ECONOMIC PROTOCOL

ANKARA (A.A) - 26.11.2008 - Turkey and Saudi Arabia signed on Wednesday an economic protocol in the Turkish capital of Ankara.
Turkey's Finance Minister Kemal Unakitan and Saudi Arabia's Minister of Transport Jubarah Suraysri put their signatures under a protocol of the ninth meeting of the joint economic committee between the two countries.
"The protocol reaffirms commitment to achieve huge goals," Unakitan said during the signature ceremony.
Unakitan said that Saudi Arabian authorities should accept letter of guarantee granted by Turkish banks to Turkish contractors making business in Saudi Arabia.
Solving this problem would boost cooperation of the two countries, he also said.
Suraysri said that his country would work to encourage investments and business world, and also said that the letter of guarantee procedure was stemming from Saudi Arabian laws.