Saudi-Russian Joint Committee for trade, economic, scientific and technical cooperation, recommended, in its final minutes, at the conclusion of its work, the need to work in the fields of energy, oil and gas, peaceful use of nuclear energy and speed up the consensus on the draft memorandum of understanding, in the field of cooperation between the Ministries of Agriculture of the two countries. Saudi side delegation demanded from the Russian side also to study reduction of customs tax on products of Saudi SABIC polypropylene, Polyethylene of low and high density to the proportion of zero%. The closing record for the work of the Committee, which was held under the chairmanship of the Governor of the General Authority for Investment Engineer Abdullatif bin Ahmed Al-Othman and the Russian Energy Minister Alexander Novak, included several issues and topics, such as cooperation in the field of energy, where the Russian side showed the desire of several companies to cooperate with their counterparts in Saudi Arabia, to provide geophysical services, the supply, design and installation of oil and gas projects and other security technology systems, including alternative energy projects and to provide services supply of equipment and construction of oil and gas plants via turnkey system, in addition to the provision of services relating to oil and gas. In the domain of peaceful use of nuclear energy, the two sides welcomed the co-signing of cooperation agreement on the peaceful use of nuclear energy between the Government of the Russian Federation and the Government of the Kingdom of Saudi Arabia, on June 18, 2015. The two sides showed interest in a joint deal within the framework of this Convention, in particular: implementation of a nuclear power plant in Saudi Arabia - the implementation of projects in the field of nuclear desalination technologies - cooperation in the field of radioactive technology and nuclear medicine. The Russian side will submit a request to the Saudi side in the first quarter of 2016. Organize a visit of a Saudi delegation to explore and get to know some Russian nuclear sector. Organizing a forum on Russian nuclear technology, in Riyadh. The Saudi side said it will study the Russian request, as the national company Rosatom reported its wish to strike a partnership with the Public Investment Fund of Saudi Arabia, in joint ventures, in a third country. With regard to the Foreign Ministry, the two sides suggested that the two sides begin negotiations on a convention to facilitate the granting of visas for investors and businessmen, to be formulated and prepared by the foreign ministries of the two countries. On of food and medicine, the two sides discussed through the General Authority for Food and Drug Administration of Saudi Arabia and the Public Authority for Agricultural Quarantine and Veterinary of the Federal Republic of Russia, exporting meat, meat products, poultry meat products, sheep meat and their products, processed food and fish products to the UK. The two sides agreed that the Russian side will prepare a technical questionnaire following filling it, to the General Authority for Food and Drug Administration to complete the lifting of the temporary ban on imports of Russian meat and meat products. The final record for the fourth session of the Russian Committee of Saudi Arabia, which concluded in Moscow today also discussed issues related to the General Authority for Investment, where the two sides agreed to form a monitoring committee operating under the framework of the wider committee, divided into trade and investment teams, on a level of representation at least, at undersecretary of a related department, and a working team to follow up on the decisions of the present proceedings. On the Ministry of Commerce and Industry, the Russian side recommended to form a joint aluminum industry team, with participation of delegates from the competent authorities and national and operators in the two countries, in order to find mechanisms to work on the stability of prices, in the global aluminum industry, which is witnessing a severe crisis due to low prices and increased supply.
