As I have already said, a special sphere of activity is the military-technical cooperation of our states, the commitment to the continuation and expansion of which was expressed by Mr. Jalal Hussein, head of the Defense Industry Division of the Ministry of Industry and Resources of the Republic of Iraq. We have reached an agreement on the establishment of a joint venture with Russian defense industry enterprises in Iraq, the products of which will guaranteedly be purchased under the state contracts of the Iraqi Government. At the moment, we are working on the list of products to be manufactured and discussing terms of the extended Russian-Iraqi meeting on this issue.
I would like to admit, that despite all the difficulties of political and economic nature, often initiated from outside, the Republic, its Government, financial and industrial circles are not isolated, they participate and actively expand their representation in the global economic system, with Russia, as it is seen by our Iraqi partners, undoubtedly being one of the key players in it, — this was clearly stated by Mr. Saif Badir, President and Chairman of the Board of Directors of the "World Islamic Bank", at our meeting. The Bank, headed by Mr. Badir, is ready to take part in the implementation of joint Russian-Iraqi investment projects, primarily in the oil and gas sector, and the register of such projects is currently being developed by us.