Iraq will conclude eight agreements with China during Abdul Mahdi's visit to Beijing

Iraq will conclude eight agreements with China during Prime Minister Adel Abdul-Mahdi's visit to Beijing, a political source said Tuesday, noting that China is willing to work in various fields with Iraq.
The source said that "the visit of Prime Minister Adel Abdul Mahdi to China at the end of this month, will be a declaration to launch a new phase of economic, trade and investment relations with China ," likely "to conclude eight huge agreements on projects in housing and infrastructure, especially in devastated cities, The rehabilitation of Iraq's factories stalled since 2003, as well as the scheduling of debts owed by Iraq in favor of China , obtained by Iraq in the past six years and the total value with interest to more than one billion dollars.

willing to work in the fields of oil and gas, housing and infrastructure, with Baghdad to be dealt with by the payment system, or the completion of a formula on crude oil sales to Beijing , in the framework of payment of dues of companies or projects to be undertaken by China ," he said. "If the visit is successful and the agreements are officially approved, it will be the most important international partnership agreements signed by Iraq for many years, especially with regard to the entry of Chinese companies to Iraq, which in turn will ensure its security and facilitate its work.

On May 5, Chinese Ambassador to Baghdad Zhang Tao said that trade with Iraq reached $ 30 billion in 2018 and that it is developing annually by 10 percent.

Article Credit:
Special Thanks to Charles Bright!!