Saudi Arabia and Estonia have signed a memorandum of understanding (MoU) to enhance political consultations and strengthen their bilateral relations.
The agreement was made after a meeting between Saudi Foreign Minister Prince Faisal bin Farhan and Estonian Foreign Minister Margus Tsahkna in Tallinn on Wednesday.
Estonian Prime Minister Kaja Kallas later met with Prince Faisal to discuss the current cooperation and explore ways to expand it. They also talked about recent regional and international developments and efforts to address them.
Prince Faisal announced in a joint press conference with his Estonian counterpart that the new MoU on political consultations will strengthen coordination and cooperation between the two countries.
He emphasized their efforts to enhance economic, cultural, and technological ties, as well as boost trade, investment, and innovation.
The Saudi minister also mentioned that their talks covered various issues, including shared challenges, the Gaza conflict, and finding a peaceful resolution to the Russia-Ukraine war.
He commended Estonia for supporting the UN resolution on Palestine’s membership, calling it a crucial step towards a two-state solution.
Prince Faisal highlighted that trade between Saudi Arabia and Estonia reached $72 million last year, with Saudi exports at $21 million and imports from Estonia at $51 million. He expressed optimism for further economic growth.
The Saudi Foreign Ministry reported that Prince Faisal’s meeting with Tsahkna focused on strengthening bilateral relations in various sectors and increasing coordination on issues of mutual interest.
