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yota691

Expert: The China agreement cannot be implemented amid political corruption in Iraq ... Washington's approval is necessary

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Sorry to be a slow buyer in this deal. I just struggle wrapping my head around WHY would Iraq RV now, decrease the influx of investors, and slow the rebuilding of infrastructure b/c cost incurred. Investors would get less profit on their $$. I am not an economic specialist evidenced by my limited understanding. Can someone enlighten me? Be kind please!

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Dozens of top Iraqi officials continue high profile trade-boosting trip to China

4 hours ago
 

https://www.kurdistan24.net/en/news/92271cbb-0406-4505-b728-9111fbe40f34

 

Dozens of top Iraqi officials continue high profile trade-boosting trip to China
A Chinese-built power plant in the Iraqi city of Wassit generates 20 percent of the nationwide power supply, Aug. 28, 2019. (Photo: Xinhua/Khalil Dawood)
 

ERBIL (Kurdistan 24) – Key cabinet members and 12 governors from Iraq and the Kurdistan Region met on Sunday with Chinese banking officials as part of a high profile, six-day delegation to China aimed at increasing trade, finance, and construction projects between the two countries.

According to an Iraqi statement, Minister of Finance Fuad Hussein met with the Chairman of the Board of Directors of China CITIC Bank, Chang Zhenming, in the presence of the Iraqi governors, transport minister, and electricity minister.

“The two sides reviewed measures taken to complete banking preparations for the second step after opening accounts [at China CITIC Bank] in order to start financing projects which will focus on infrastructure projects, strategic projects, and both domestic and international railway networks,” read a statement released by Iraq’s Ministry of Finance.

Iraqi governors attending were from Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Maysan, Wasit, and Dhi Qar. From the Kurdistan Region were the governors of Erbil, Sulaimani, and Duhok.

FuadChina.jpg
Iraqi Minister of Finance Fuad Hussein, accompanied by several other Iraqi officials, meets with the Chairman of the Board of Directors of China CITIC Bank. (Photo: Iraq Ministry of Finance)

The Iraqi delegation, headed by Prime Minister Adil Abdul Mahdi and including by 55 high-ranking officials, arrived in China on Thursday and will remain until Tuesday. 

China is one of Iraq’s largest trading partners, from which it imports many products, including electronics and construction material. In mid-April, a senior delegation from the ruling Communist Party of China (CPC) arrived in Baghdad and met with a number of Iraqi officials.

“China is the second-largest economy in the world,” Abdul Mahdi said in a TV interview before his departure, adding, it “has great liquidity and advanced technology.”

Iraqi officials have previously called on China for support in the reconstruction of the country, which suffered much destruction during the Islamic State’s takeover of a third of its land and the subsequent operations against the terrorist organization.

Updated

 

Edited by 6ly410
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7 hours ago, ChuckFinley said:

Would have to agree. I have been following this for some time. China is all about the "Road and Belt" or also know as "One Road  One Belt". This will cover over 157 counties. There is already talk of Panama and Mexico joining. This is a little more complicated than just trade. China is CASH heavy and they are using it in the Americas to build inroads. 

Thanks for your input my friend, hope you are doing well?

Just imagine the amount of trade the One Road One Belt will bring to all 157 countries.

 $500 billion in the next 10 years between China 🇨🇳 and Iraq 🇮🇶 

 

Go Iraq 

Go China 

Go trade

Go open market economy 

Go RV

Go $1:1+

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Efforts to host Abdul Mahdi in the House of Representatives to explain the results of his visit to China

Political | 06:36 - 22/09/2019

 
image
 
 

 

SPECIAL
MP Mawazine News revealed the opposition movement wisdom Star Jabri, on Sunday, parliamentary efforts to host Prime Minister Adel Abdul Mahdi to explain the results of the visit of the government delegation to China.
"In the past, when the prime minister was visiting a country, he was content with himself and some people close to him and his party," al-Jabri told Mawazine News. "But Abdul Mahdi broke al-Qaeda and headed the largest government delegation on a foreign visit during his visit to China."
He added, "We are waiting for the government delegation to return, to explain the results of the visit, especially since there is information on the signing of agreements worth 500 billion dollars to be implemented over 10 years."
He pointed out, "There is an oral talk about hosting the Prime Minister in the House of Representatives, to talk about the results of his visit," noting that "hosting needs to collect signatures and this will appear in the coming days."

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3 hours ago, Laid Back said:

Thanks for your input my friend, hope you are doing well?

Just imagine the amount of trade the One Road One Belt will bring to all 157 countries.

 $500 billion in the next 10 years between China 🇨🇳 and Iraq 🇮🇶 

 

Go Iraq 

Go China 

Go trade

Go open market economy 

Go RV

Go $1:1+

Your welcome my friend,  all is well. China really takes the long term approach here. They truly understand the global picture.  

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Release date:: 2019/22 18:20 • 143 read times
China Energy Corporation is ready to enter strongly in Iraq
Deputy Prime Minister and Minister of Finance Fuad Hussein and the accompanying delegation visited the China Energy Company and met with its Chairman Yu Kang and members of the Board of Directors and executives of the company.
He was briefed on the most important projects undertaken by the company, one of the largest Chinese and international companies in the field of energy and dams, as well as railway networks, highways and modern schools.
Chairman of the Board of Directors spoke that his company under the guidance of the Chinese government is ready to work in Iraq and to engage strongly in the field of infrastructure reconstruction and design of large - scale projects in Iraq , roads, bridges, railways, ports and power plants and desalination plants, schools , modern and sophisticated
also said that the energy company The Chinese are now establishing a number of stations in Wasit, Missan and Salah al-Din as well as participating in the Basra water treatment plant.
For his part, the Deputy Prime Minister said that the new Iraqi government has a clear program in the reconstruction of infrastructure because of the destruction suffered by Iraq due to internal and external wars and economic blockade.
He noted that Iraq has a clear program in this process that the reconstruction and building the economy needs to experience external financing and investment We are in the process of signing the framework agreement for joint action and the strengthening of relations with China. "
The Minister of Finance , " we need at the present time to strategy , such as rail internal and external iron networks projects And the construction of power plants to deliver electricity to all parts of Iraq and hours of full processing and we need dams to preserve the water wealth and energy production and the organization of water management On the other hand, in the education sector, Iraq needs in all parts of modern schools to modern Baloa The tutorial is located in it.
The meeting was attended by the ministers of transport and electricity and the governors of Baghdad, Anbar, Diyala, Dhi Qar, Karbala, Erbil, Sulaymaniyah, Dohuk, Wasit and advisers to the Prime Minister and a number of general managers in the Ministry of Finance and the Central Bank of Iraq.
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Sunday 22 September 2019 :
10:07 pm
52 
15691793401489579dc859e86369cdbff5fa96af8e.jpg
Prospects that the most important is not in the conclusion of agreements, but the implementation mechanisms on the ground according to plans and study the quality of the experience of China and invested in Iraq has achieved great results, and noted that the Chinese companies in Iraq deal objectively and realistic with all areas and that the political position of the important things that Contribute significantly to the development of the country in all areas, noting that the construction of the Iraqi economy is through contracting with advanced companies, as well as that the next step after the visit of Prime Minister Adel Abdul Mahdi to rely on an administrative team to follow up the agreements, especially since the experience and efficiency in the management Economic work has a great role in the success of the advanced projects, pointing out that Abdul-Mahdi's visit to China can have a future impact on the development of the country's infrastructure. The vision of implementing vital and strategic projects should be accompanied by actual steps and the construction of industrial cities Necessary to support it in
The expert on economic affairs Bassem Jameel Antoine and when he hosted the same program that the visit of Prime Minister Adel Abdul-Mahdi to China is a positive step and good but late and that the Iraqi economic vision should be conducted according to clear programs and strategic plans, adding that the basis for the development of the state is based on the principle of social justice Apart from the language of class differences as well as China is the second economy in the world and has a desire to open up to the Iraqi market as it differs from the rest of the countries in dealing with Iraq and the conclusion of agreements without preconditions, and pointed out that Chinese companies have It is essential that the government work hard to support the private sector and invest competencies instead of going abroad. Providing an environment conducive to security and stability contributes significantly to attracting investment companies, pointing out that America was the only pole either. Now the situation I disagree with the entry of Russia, China, India and Brazil, and officials should put Iraq's interest first in the implementation of service projects and concluding agreements and that the conflict in the world today is economic, not political, and what is happening in the region is the best evidence. Personal interests, and felt that the activation of Iraqi factories and laboratories contribute significantly to the construction of the economy and reduce unemployment and the Iraqi government should seek any international step that has a precedent in supporting the country's economy as well as the policy of establishing vital industrial projects The aim of eliminating unemployment and benefiting from the Iraqi expertise and competencies and embrace them instead of foreign labor as well as attention to the reality of tourism.
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102070.jpg.ec5eaf3dc81e017ef7533ce063e96edc.jpg
 
2019/09/22 18:38

China Energy Corporation: ready to rebuild infrastructure in Iraq

http://almasalah.com/ar/news/178928/شركة-الطاقة-الصينية-مستعدون-لاعادة-اعمار-البنى-التحتية-في-العراق

 

BAGHDAD / Obelisk: The Chinese energy company, on Sunday, September 22, 2019, its readiness to work in Iraq and enter strongly in the field of infrastructure reconstruction.

A statement issued by the Information Office of the Deputy Prime Minister and Minister of Finance, Fuad Hussein, said that "the Deputy Prime Minister and Minister of Finance, Mr. Fuad Hussein, and the accompanying delegation visited the China Energy Company and met with its Chairman Yu Kang and the members of the board of directors and executives of the company. The company is one of the largest Chinese and international companies in the field of energy and dams as well as railway networks, highways and modern schools. "

"The company, under the guidance of the Chinese government, is ready to work in Iraq and enter aggressively in the field of infrastructure reconstruction, designing large projects in Iraq such as roads, bridges, railways, ports, power plants, desalination plants and modern and sophisticated schools," he said. ".

He said that "China Energy Company is now establishing a number of stations in Wasit, Missan and Salah al-Din, as well as participation in the treatment plant for Basra water."

For his part, the Deputy Prime Minister, that "the new Iraqi government has a clear program in the reconstruction of infrastructure because of the destruction suffered by Iraq due to internal and external wars and economic blockade."

He pointed out that "Iraq has a clear program in this march that the reconstruction and construction of the economy needs expertise and external financing and investment, noting" We are in the process of signing the framework agreement for joint work and strengthen relations with China, and we need at the present time to strategic projects such as internal and external railway networks and building Power plants to deliver electricity to all parts of Iraq and hours of full processing and we need dams to preserve the water wealth and to produce energy and regulate water management On the other hand, in the education sector, Iraq needs in all parts of modern and modern schools to advance the reality Lemme in it. "

"The meeting was attended by the ministers of transport and electricity and the governors of Baghdad, Anbar, Diyala, Dhi Qar, Karbala, Erbil, Sulaimaniyah, Dohuk, Wasit, advisers to the prime minister and a number of general directors of the Ministry of Finance and the Central Bank," the statement said.

Edited by 6ly410
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8 hours ago, Knuckles said:

Sorry to be a slow buyer in this deal. I just struggle wrapping my head around WHY would Iraq RV now, decrease the influx of investors, and slow the rebuilding of infrastructure b/c cost incurred. Investors would get less profit on their $$. I am not an economic specialist evidenced by my limited understanding. Can someone enlighten me? Be kind please!

 

That's a good question - IMO it's a matter of timing.

 

The investor money will pile in on top of an increase in value. It's a snowball avalanche situation.

 

:twocents: 

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China Energy Corporation: ready to rebuild infrastructure in Iraq.

 

“The company is one of the largest Chinese and international companies in the field of energy and dams as well as railway networks, highways and modern schools. "

"The company, under the guidance of the Chinese government, is ready to work in Iraq and enter aggressively in the field of infrastructure

 

Go infrastructure 

Go development 

Go growth 

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Thank you Adam. I appreciate your kind and gentle encouragement. I reread the Panama postings and can see the bigger picture. Very good word picture.

With full respect...

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1 hour ago, Adam Montana said:

The investor money will pile in on top of an increase in value. It's a snowball avalanche situation.

 

Bingo.  Remember last year Iraq had an investor conference and were trying to get promises of 80B ( I think that’s the number as I remember it). to rebuild.  They got very little.  They make their money international and I think you will see a lot of investors step up.  We might be some of them.  I would consider it.  

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1 minute ago, Pitcher said:

 

Bingo.  Remember last year Iraq had an investor conference and were trying to get promises of 80B ( I think that’s the number as I remember it). to rebuild.  They got very little.  They make their money international and I think you will see a lot of investors step up.  We might be some of them.  I would consider it.  

80B during Kuwait conferences but nothing.. hope this time all going to be in line..

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Abdul Mahdi: $ 500 billion volume of business between Iraq and China

 
Iraqi delegation holds important partnership agreements in Beijing 
Baghdad / morning 
 
 
Prime Minister Adel Abdul-Mahdi said that the volume of business between Iraq and China over the next ten years will be 500 billion dollars in various fields, while concluding on Monday the visit of the Prime Minister and the high delegation, which is accompanied by the signing of partnership and cooperation agreements with the Chinese government, Finance Minister Fuad Hussein discussed with the President Board of Directors of (CITIC) Bank of China steps to finance strategic projects in Iraq, while Najaf Governor Louay Al-Yasiri announced that a technical delegation from the company (Huawei) will visit the province to discuss the installation of surveillance cameras and the development of its communications system, the Committee on Foreign Relations , That Prime Minister Adel Abdul Mahdi, put the file of arming the security forces on his agenda during his visit to
China.
Prime Minister Adel Abdul-Mahdi said in a statement to the channel "Phoenix" Chinese: "The volume of business between Iraq and China target over the next ten years will exceed 500 billion dollars," adding that "business will start from now and from this visit."
At the end of his official visit on Monday, Abdul-Mahdi is scheduled to meet with Chinese President Xi Jinping and Premier Li Ki-Xiang. Important agreements and memoranda of cooperation between the two friendly countries.
On Saturday evening, the prime minister held a meeting with his accompanying conservatives in Beijing, where he called on them to further cooperation and coordination and create conditions for infrastructure development projects in light of China's current visit.
"Upon his arrival in Beijing (Saturday evening), the Prime Minister held a meeting with the Conservatives of the official delegation, focusing on the government's vision of the relationship of cooperation and partnership with China and its renaissance," the Prime Minister's Office said in a statement received. He also called on the governors to cooperate more and coordinate and create the right conditions for infrastructure development projects in light of the current visit to China and the ongoing understandings with the Chinese side in order to sign agreements. Developing infrastructure that serves everyone and builds on all reconstruction projects.
"The governors talked about their priorities and the reality of the provinces in various sectors, expressing their observations and suggestions, whether with regard to current or future projects with the Chinese side in particular, and expressed appreciation for the initiative of the Prime Minister to take all the governors to visit China and involve them in the talks," the bureau said. With Chinese officials and learn about successful economic and urban experiences in Chinese provinces. "
In the context of the official visit to China, Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein discussed with the Chairman of the Board of Directors of (CITIC) Bank of China steps to finance strategic projects 
in Iraq.
A statement issued by the ministry received "morning" that "the Minister Fouad Hussein met with the Chairman of the Board (CITIC) Mr. (Junk Zamak) accompanied by the Ministers of Transport and Electricity and Governors of Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Maysan, Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar.
During the meeting, the two sides reviewed the measures that will be taken by the two sides to complete the banking preparations for the second step after opening the accounts in order to start financing projects that will focus on infrastructure projects, strategic projects and internal and external railway networks.
Meanwhile, Najaf Governor Louay Al-Yasiri announced on Sunday his agreement with the Chinese side to send an official delegation from Huawei to visit the province in order to get acquainted with the cameras and communications system and its development.
"The governor of Najaf held an important meeting on Sunday with Huawei, the world's first telecommunications company, at the company's headquarters in Beijing," Yassiri's office said in a statement received.
He added that "Yasiri discussed with the concerned people in (Huawei) for the development of infrastructure in the province of Najaf in the field of communications, especially the development and installation of cameras and surveillance system throughout the province in order to keep pace with the development and technology in the world of security and services, as the two parties agreed to send an official delegation From the company (Huawei) to visit the province of Najaf to see the system of cameras and communications and development nearby 
Urgent. "
Al-Yasiri disclosed the content of what happened on Najaf province during the meeting held by the Prime Minister with the governors in Beijing. Similar to his experience (village of light) with the delivery of services to these lands to become habitable land for the people of the holy province. "
Yasiri said that "Prime Minister Adel Abdul Mahdi agreed to develop the streets of the old city of Najaf, especially the four main streets and the surrounding street known as (Soor Street), and the local government will send statements to the federal government," and announced Yasiri authorized by the Prime Minister "to sign Agreements with the Chinese side to accelerate the contract in the development of the holy province of various basic projects. "
It is worth mentioning that a long-term partnership contract with the Chinese side will be signed between the Iraqi government and the Chinese government for the reconstruction of Iraq, especially infrastructure projects through the recently launched Federal Reconstruction Fund.
On the other hand, the governor of Dhi Qar, Adel al-Dukhaili, denied the validity of the news circulated by some media and social networking sites about the Iraqi delegation headed by the Prime Minister of China to a traffic accident on a sea bridge. Late Beijing time. "
It is noteworthy that the local media, rumors that the Iraqi delegation, which consists of the Prime Minister and a number of ministers and officials, to the risk of death on the "bridge Haiwan" due to rain and storms.
For his part, said a member of the Parliamentary Foreign Relations Committee Amer Fayez in an interview: "Prime Minister Adel Abdul Mahdi headed to China at the head of a large delegation of the executive branch, most notably security ministers, to conclude deals on the security side."
He added that "the issue of arming the security forces of various kinds was present on the agenda of the Prime Minister to China, as Iraq has a tendency towards multiple sources of armaments from different countries of the world," adding that "US pressure will not affect Iraq in his direction to China to conclude arms deals , Despite the tension between Russia and China with America. "
Al-Fayez said, "Iraq has freedom and independence and will not be subject to any US pressure; especially with regard to the file of arming the army and the trend towards the purchase of air defense systems," pointing out that "the Gulf countries began to turn to Russia on the file of armament and the purchase of air defense systems despite Its relationship with America, "he said.
For his part, MP of the conquest Alliance Mohammed Karim al-Baldawi: "Abdul Mahdi's visit to China included a new vision to deal with Chinese companies operating in different fields," noting that "the establishment of four power plants and support the local industry in addition to support the project of the large port of Faw "During the entry of all Chinese companies, they were very important and Iraq was in dire need of support and development."
Al-Baldawi added, "We hope that the visit will be successful and that the Iraqi delegation will be a good negotiator to enable us to achieve new gains for Iraq," pointing out that the delegation "included security leaders, which gives the initial impression that the military file will be present in one form or another, whether in the field of armament or Exchange of information, pointing out that "the diversification of the sources of armament is necessary to ensure that there is no monopoly of the Iraqi military system by one party and not others."
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14 minutes ago, yota691 said:

Abdul Mahdi: $ 500 billion volume of business between Iraq and China

 
Iraqi delegation holds important partnership agreements in Beijing 
Baghdad / morning 
 
 
Prime Minister Adel Abdul-Mahdi said that the volume of business between Iraq and China over the next ten years will be 500 billion dollars in various fields, while concluding on Monday the visit of the Prime Minister and the high delegation, which is accompanied by the signing of partnership and cooperation agreements with the Chinese government, Finance Minister Fuad Hussein discussed with the President Board of Directors of (CITIC) Bank of China steps to finance strategic projects in Iraq, while Najaf Governor Louay Al-Yasiri announced that a technical delegation from the company (Huawei) will visit the province to discuss the installation of surveillance cameras and the development of its communications system, the Committee on Foreign Relations , That Prime Minister Adel Abdul Mahdi, put the file of arming the security forces on his agenda during his visit to
China.
Prime Minister Adel Abdul-Mahdi said in a statement to the channel "Phoenix" Chinese: "The volume of business between Iraq and China target over the next ten years will exceed 500 billion dollars," adding that "business will start from now and from this visit."
At the end of his official visit on Monday, Abdul-Mahdi is scheduled to meet with Chinese President Xi Jinping and Premier Li Ki-Xiang. Important agreements and memoranda of cooperation between the two friendly countries.
On Saturday evening, the prime minister held a meeting with his accompanying conservatives in Beijing, where he called on them to further cooperation and coordination and create conditions for infrastructure development projects in light of China's current visit.
"Upon his arrival in Beijing (Saturday evening), the Prime Minister held a meeting with the Conservatives of the official delegation, focusing on the government's vision of the relationship of cooperation and partnership with China and its renaissance," the Prime Minister's Office said in a statement received. He also called on the governors to cooperate more and coordinate and create the right conditions for infrastructure development projects in light of the current visit to China and the ongoing understandings with the Chinese side in order to sign agreements. Developing infrastructure that serves everyone and builds on all reconstruction projects.
"The governors talked about their priorities and the reality of the provinces in various sectors, expressing their observations and suggestions, whether with regard to current or future projects with the Chinese side in particular, and expressed appreciation for the initiative of the Prime Minister to take all the governors to visit China and involve them in the talks," the bureau said. With Chinese officials and learn about successful economic and urban experiences in Chinese provinces. "
In the context of the official visit to China, Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein discussed with the Chairman of the Board of Directors of (CITIC) Bank of China steps to finance strategic projects 
in Iraq.
A statement issued by the ministry received "morning" that "the Minister Fouad Hussein met with the Chairman of the Board (CITIC) Mr. (Junk Zamak) accompanied by the Ministers of Transport and Electricity and Governors of Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Maysan, Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar.
During the meeting, the two sides reviewed the measures that will be taken by the two sides to complete the banking preparations for the second step after opening the accounts in order to start financing projects that will focus on infrastructure projects, strategic projects and internal and external railway networks.
Meanwhile, Najaf Governor Louay Al-Yasiri announced on Sunday his agreement with the Chinese side to send an official delegation from Huawei to visit the province in order to get acquainted with the cameras and communications system and its development.
"The governor of Najaf held an important meeting on Sunday with Huawei, the world's first telecommunications company, at the company's headquarters in Beijing," Yassiri's office said in a statement received.
He added that "Yasiri discussed with the concerned people in (Huawei) for the development of infrastructure in the province of Najaf in the field of communications, especially the development and installation of cameras and surveillance system throughout the province in order to keep pace with the development and technology in the world of security and services, as the two parties agreed to send an official delegation From the company (Huawei) to visit the province of Najaf to see the system of cameras and communications and development nearby 
Urgent. "
Al-Yasiri disclosed the content of what happened on Najaf province during the meeting held by the Prime Minister with the governors in Beijing. Similar to his experience (village of light) with the delivery of services to these lands to become habitable land for the people of the holy province. "
Yasiri said that "Prime Minister Adel Abdul Mahdi agreed to develop the streets of the old city of Najaf, especially the four main streets and the surrounding street known as (Soor Street), and the local government will send statements to the federal government," and announced Yasiri authorized by the Prime Minister "to sign Agreements with the Chinese side to accelerate the contract in the development of the holy province of various basic projects. "
It is worth mentioning that a long-term partnership contract with the Chinese side will be signed between the Iraqi government and the Chinese government for the reconstruction of Iraq, especially infrastructure projects through the recently launched Federal Reconstruction Fund.
On the other hand, the governor of Dhi Qar, Adel al-Dukhaili, denied the validity of the news circulated by some media and social networking sites about the Iraqi delegation headed by the Prime Minister of China to a traffic accident on a sea bridge. Late Beijing time. "
It is noteworthy that the local media, rumors that the Iraqi delegation, which consists of the Prime Minister and a number of ministers and officials, to the risk of death on the "bridge Haiwan" due to rain and storms.
For his part, said a member of the Parliamentary Foreign Relations Committee Amer Fayez in an interview: "Prime Minister Adel Abdul Mahdi headed to China at the head of a large delegation of the executive branch, most notably security ministers, to conclude deals on the security side."
He added that "the issue of arming the security forces of various kinds was present on the agenda of the Prime Minister to China, as Iraq has a tendency towards multiple sources of armaments from different countries of the world," adding that "US pressure will not affect Iraq in his direction to China to conclude arms deals , Despite the tension between Russia and China with America. "
Al-Fayez said, "Iraq has freedom and independence and will not be subject to any US pressure; especially with regard to the file of arming the army and the trend towards the purchase of air defense systems," pointing out that "the Gulf countries began to turn to Russia on the file of armament and the purchase of air defense systems despite Its relationship with America, "he said.
For his part, MP of the conquest Alliance Mohammed Karim al-Baldawi: "Abdul Mahdi's visit to China included a new vision to deal with Chinese companies operating in different fields," noting that "the establishment of four power plants and support system" rel="">support the local industry in addition to support system" rel="">support the project of the large port of Faw "During the entry of all Chinese companies, they were very important and Iraq was in dire need of support system" rel="">support and development."
Al-Baldawi added, "We hope that the visit will be successful and that the Iraqi delegation will be a good negotiator to enable us to achieve new gains for Iraq," pointing out that the delegation "included security leaders, which gives the initial impression that the military file will be present in one form or another, whether in the field of armament or Exchange of information, pointing out that "the diversification of the sources of armament is necessary to ensure that there is no monopoly of the Iraqi military system by one party and not others."

 

 

Am I to understand that this article says that the agreement has been signed????

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PM: Iraq signs eight memorandums of understanding with China

PM: Iraq signs eight memorandums of understanding with China
 

Prime Minister Adel Abdul-Mahdi headed the Iraqi delegation to the Third Iraqi-Chinese Economic Cooperation Forum in Beijing.

The Prime Minister said, according to a statement of the Iraqi government today, that there are eight memorandums of understanding and agreements will be signed in Beijing today.

Adel Abdul-Mahdi added that it comes to the forefront of these memorandums a framework agreement for financial credit spending, a memorandum of understanding for economic reconstruction, and another in the areas of economic, cultural and technical cooperation.

He continued: besides the contracts signed by ministers and governors, and the development of structures for transportation, communications, housing, energy, sewage and others.

During the Forum, workshops were held for the Ministries of Oil and Electricity, Construction and Housing, Industry, Transport and Communications.

The workshops dealt with the ministers of finance, oil, defense, interior, electricity, construction, industry, transport and communications; about the objectives of their ministries and job opportunities for Chinese companies in various sectors.

During the forum, the ministers reviewed the job opportunities created by Chinese companies, the circumstances and priorities of the ministries' projects, and the potentials of Chinese companies and joint committees formed to follow up the completion of projects and agreements with the Chinese side.

The governors held talks with Chinese business owners and agreements to sign contracts in various sectors. The forum also included specialized sessions.

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17225.jpg
 
  

 money and business


Economy News _ Baghdad

The Third Iraqi-Chinese Economic Cooperation Forum started in Beijing Monday morning with the presence of Prime Minister Adel Abdul Mahdi, members of the official delegation of conservatives and a large gathering of Chinese businessmen, businessmen and investors.
Abdul-Mahdi said in a speech delivered at the forum, according to a statement of the Prime Minister's Media Office and received by "Economy News", "We have been keen to be accompanied by the largest number of members of the executive authority, and the presence of ministers and governors gives seriousness to the delegation in going to contracts and business directly, praising Accelerated economic growth in China, which aspires to Iraq to take advantage of its capabilities and establish the best relations with them in all areas, and congratulated by the seventieth anniversary of the founding of the Republic of China.
The statement added that the Prime Minister reviewed the developments and reforms witnessed in the investment environment in Iraq and achieve security and stability after the defeat of ISIS, pointing out that Iraq is ready for investments and job opportunities in Iraq many in all sectors and the country is witnessing an increase in the number of companies and investors after a series of decisions concerning partnership between Public and private sector and vote on the establishment of the Reconstruction Council, which is responsible for high-cost projects, in addition to travel and accommodation facilities that were impeding work. 
Abdul-Mahdi, that Iraq is the fourth source of oil in the world and help in this development is the contribution of Chinese companies to invest in the most important oil fields.
The Prime Minister announced the Memorandums of Understanding and the eight agreements to be signed in Beijing today, including a framework agreement for financial credit spending, a memorandum of understanding for economic reconstruction and others in the fields of economic, cultural and technical cooperation, in addition to contracts signed by ministers and governors, and the development of transport, communications, housing and energy structures. And sewers and others.
During the forum, workshops were held for the ministries of oil and electricity, construction and housing, industry, transport and communications, in which the ministers of finance, oil, defense, interior, electricity, construction, industry, transport and communications talked about the objectives of their ministries and the job opportunities available to Chinese companies in various sectors. The Chinese companies, the conditions and priorities of the ministries' projects and the potentials of the Chinese companies and joint committees formed to follow up the completion of the projects and agreements with the Chinese side. The Conservatives held talks with the owners of Chinese companies and agreements on signing contracts in various sectors.


Views: 70   Date Added: 23/09/2019

 
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Iraq establishes a joint industrial city in 5 provinces to manufacture Chinese products

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 2019/09/23 02:32:25

 

Minister of Industry and Minerals Saleh Abdullah Al-Jubouri announced on Monday the agreement to establish a joint industrial city to manufacture Chinese products with international specifications.

Al-Jubouri said in a speech during his participation in the work of the Iraqi-Chinese Economic Cooperation Forum in Beijing, capital of the signing of a memorandum of understanding to complete the initial construction of industrial cities in five Iraqi provinces.

He pointed out to put more than (200) projects and investment opportunity available to the companies of the Ministry of Industry and Minerals in various industrial fields.

https://www.shafaaq.com/ar/اقتصـاد/العراق-ينشئ-مدينة-صناعية-مشتركة-في-5-محافظات-لتصنيع-المنتجات-الصينية/

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Abdul-Mahdi's adviser explains the truth of the incident against Abdul-Mahdi and his delegation in China

Local | 10:19 - 21/09/2019

 
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BAGHDAD - Mawazine News 

Prime Minister Adel al-Mahdi's advisor to Prime Minister Adel Abdul Mahdi on Saturday commented on news reports in the local media that the government delegation currently visiting China was hit by a traffic accident on the Haiwan Bridge.
Hakim, who is accompanying the delegation, said in a statement that "some winds were present but natural on this Haiwan Bridge, which passes in the sea for more than 30 km."
He added, "The Chinese kept the street open as usual and the procession cars and others before and after the procession continued to walk normally .. Of course, there is not a single car carrying 56 officials, putting them all at risk! "He pointed out that" this is a hype and exaggeration no more. "
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