Abadi: "Belt and the road" deepen cooperation between Iraq and China Initiative

By Wab2

December 24, 2015 21:13 0 10

Baghdad / WAP / confirmed Prime Minister Haider al-Abadi, that "belt and the road" put forward by Chinese President Xi Jinping initiative which will create new opportunities for strengthening cooperation between China and Iraq.

Ebadi said that "the" belt and the road "very important and vital initiative for Iraq, while the Iraqi government is 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 US $ 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."

It is worth mentioning that Iraq China and Iraq agreed to establish a strategic partnership relations between the two countries, as the two countries issued a joint statement saying that the partnership will help deepen bilateral cooperation in various fields and promote the development and prosperity of both countries.

Ebadi said that "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 for "hope the Chinese government to encourage and fund local companies to inject more investment in Iraq," noting "the importance of foreign investment for Iraq, which seeks to promote economic diversification."

In this regard, al-Abadi said the Iraqi government has launched extensive reforms to drive economic diversification and create favorable conditions for investment.

In talking about the current situation in Iraq, al-Abadi said that "the Iraqi government has made significant advances 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." ..

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 enhance stability in Iraq also "./ ended