US-Saudi Economic Pact Extended Five Years
WASHINGTON (AP) _ U.S. and Saudi Arabian officials on Tuesday announced a five-year extension of a Joint Commission on Economic Co-operation and four new projects approved at the final session of the expiring commission.
The first five-year commission was set up in 1975 and renewed in 1980.
Among the agreements signed Tuesday are those outlining specific co- operation between U.S. officials and the King Abdul Aziz University in meteorology and environmental sciences and medicine; with the Ministry of Health for a broad range of programs; and with the Saudi Arabian Meteorology and Environmental Protection Administration for meteorological services and research.
The fourth emphasizes implementation of systems developed under previous manpower training and development projects.
The commission is headed by Treasury Secretary James A. Baker III and Mohammed Abalkhail, the Saudi minister of finance and national economy.