Iraq: trade volume with China of $ 28 billion and we seek to increase investment

2312 2015
Prime Aluwzrae Haider al-Abadi, revealed that the volume of trade between Iraq and China, $ 28 billion in the past year, "stressing his government sought to increase this volume by investing."
The news agency [Xinhua] Chinese news Abadi was quoted as saying on the sidelines of a forum the second Chinese Iraqi economic cooperation, which was held on Wednesday in the capital Beijing, "The initiative [Belt Road] put forward by Chinese President Xi Jinping will create new opportunities for strengthening cooperation between China and Iraq." .
And between, he said that "this initiative is very important and vital to Iraq, while Iraq's new government, which was formed a year ago looking to attract more investment by Chinese companies in the field of oil, electricity and telecommunications, infrastructure, manufacturing, rail, agriculture and others."
Abadi said that "the trade volume between China and Iraq amounted to US $ 28 billion in 2014, up from $ 14 billion in 2011, which is a great progress thanks to the deepening of cooperation between the two sides and increase the projects of Chinese companies in Iraq."
He continued, "The Iraqi government will issue preferential policies and facilitate investment procedures for Chinese companies and other foreign companies and open all investment prospects in the various sectors of the Chinese side after the establishment of the strategic partnership between the two countries, in order to expand these relations and the removal of all sanctions even served on both sides."
He Abadi hope "in the Chinese government's encouragement and funding of local companies in order to inject more investment in Iraq, noting the importance of foreign investment for Iraq, which seeks to promote economic diversification," pointing out that "the Iraqi government has launched extensive reforms to drive economic diversification and create favorable conditions Investment ".

In talking about the current situation in Iraq, the prime minister said that the Iraqi government has made significant progress in fighting al Daash, where 80 percent of Iraqi territory is safe and at the same time, will make every effort to create a safe environment to attract investments of foreign companies and private Chinese companies. " .

He praised the Chinese Abadi, the Iraqi positions on the issues, saying it contributed to the promotion of stability and unity in Iraq on the basis of respecting the sovereignty of the country. "

With regard to the Syrian crisis, as Abadi Chinese firm position and that finding a peaceful solution to this crisis is raging, "stressing that" stability in Syria will not happen without a peaceful solution, which in turn will promote stability in Iraq, too. "

And the second was attended by Chinese Iraqi Economic Cooperation Forum, which was held today Prime Minister Haider al-Abadi and his accompanying delegation as well as representatives of about 60 Chinese companies in the energy, oil, electricity, telecommunications, infrastructure, manufacturing, rail, agriculture and other areas.

It is said that Iraq and China had reached an agreement on Tuesday on the establishment of strategic partnership relations between the two countries, which issued a joint statement says that the partnership will help deepen bilateral cooperation in various fields and promote the development and prosperity of both countries.

agency all of Iraq News 2015