Economist: China-Iraqi Economic Cooperation Will Contribute To Flow Into State Budget

BAGHDAD /NINA / The specialist in economic affairs, Durgham Mohammed Ali confirmed that selecting China as economic station to visit of the Prime Minister will contribute to reviving the Iraqi market and supply the state budget, as a result of the specificity of China's economic size and its presence in the market. Ali said in a statement to the National Iraqi News Agency / NINA /, that "China is one of the largest countries of the world economically and it is able to deal flexibly with the Iraqi economic, on the fact that its major companies are state-owned and deal positively with the political decision." He noted that "the nature of the reception indicates China's opening to Iraq through the possibility of the implementation of electricity projects through Payment on credit in addition to the possibility of postponing payments retrieval of Chinese oil companies operating in Iraq in the provinces of Basra, Maysan, and Wasit," adding that "reaching agreements in this regard would strengthen the position of the local budget and the creation of investment opportunities for Chinese companies in several sectors including energy and infrastructure through the creation of a genuine economic partnership with Iraq. " Prime Minister Haider al-Abadi had visited China last Tuesday with an official delegation including the ministers of defense, oil, culture and a number of officials and advisers. Abadi participated in the second forum of Chinese- Iraqi economic cooperation, which dealt with ways to develop economic relations in the interest of the two countries. / End