Tallinn, Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah has confirmed that the signing of a memorandum of understanding regarding political consultations between the Kingdom of Saudi Arabia and Estonia serves as a basis for coordination and cooperation between them. He noted that the two countries are working to develop cooperation in many fields, explore economic, cultural, and technical cooperation opportunities, and increase opportunities for trade, investment, and innovation promotion.
In a joint press conference with Minister of Foreign Affairs of Estonia Margus Tsahkna in the Estonian capital, Tallinn, Prince Faisal explained that the value of bilateral trade last year amounted to $72 million, with exports from the Kingdom amounting to $21 million and imports from Estonia amounting to $51 million. He added that the two sides are looking forward to further economic growth between the two countries.
The minister said the discussions with his Estonian counterpart touched on va
rious issues, including common challenges, the situation in the Gaza Strip, and finding a peaceful solution to the conflict between Russia and Ukraine. The foreign minister praised Estonia’s vote in favor of the UN General Assembly’s resolution on Palestine’s membership in the United Nations, noting that this step is important in keeping hope alive for a two-state solution.
Source: Saudi Press Agency