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An economist explains the importance of the Belt and Road Initiative for Iraq
economic Last update 07/04/2022 | 12:01 pm
Information / Baghdad..
The researcher in economic affairs, Nabil Jabbar Al-Ali, confirmed, on Monday, that the Chinese agreement is not related to the Silk Road project or the Al-Faw port project, noting that
the Chinese agreement is a contracting contract on credit, Iraq pays 20% in the form of oil payments and lends to institutions The Chinese company Iraq increased by 80%, and its companies implement projects inside Iraq without competition.
Al-Ali said in a statement to "Al-Maalouma", that "Al-Faw port is a maritime transport project at a cost of approximately $3 billion, and it is a commercial port that cannot generate revenues of more than $1 billion annually, which is equivalent to approximately 1.5 percent of Iraq's oil revenues in working in conditions for its ultimate success.
He added that "the Chinese Belt and Road Initiative, or what is known as the Silk Road, is a large Chinese international investment project to implement Chinese investments in the field of international transport to achieve Chinese goals related to quick and less expensive access to goods manufactured in China to various parts of the world."
Al-Ali pointed out that “Iraq can be classified as a country that falls within the American and British influence, and
China is trying to approach cautiously with Iraq, and
China cannot rely on an international line under pure American control, as is the case in Iraq.”
He pointed out that "the Silk Road can create multiple commercial interests in Iraq, as well as in the field of transportation, transit and shipping.
It can enhance opportunities for industry, storage, free trade, and free industrial zones, provided that the political will, a clear vision and policies are available." finished / 25 h
An economist explains the importance of the Belt and Road Initiative for Iraq
economic Last update 07/04/2022 | 12:01 pm
Information / Baghdad..
The researcher in economic affairs, Nabil Jabbar Al-Ali, confirmed, on Monday, that the Chinese agreement is not related to the Silk Road project or the Al-Faw port project, noting that
the Chinese agreement is a contracting contract on credit, Iraq pays 20% in the form of oil payments and lends to institutions The Chinese company Iraq increased by 80%, and its companies implement projects inside Iraq without competition.
Al-Ali said in a statement to "Al-Maalouma", that "Al-Faw port is a maritime transport project at a cost of approximately $3 billion, and it is a commercial port that cannot generate revenues of more than $1 billion annually, which is equivalent to approximately 1.5 percent of Iraq's oil revenues in working in conditions for its ultimate success.
He added that "the Chinese Belt and Road Initiative, or what is known as the Silk Road, is a large Chinese international investment project to implement Chinese investments in the field of international transport to achieve Chinese goals related to quick and less expensive access to goods manufactured in China to various parts of the world."
Al-Ali pointed out that “Iraq can be classified as a country that falls within the American and British influence, and
China is trying to approach cautiously with Iraq, and
China cannot rely on an international line under pure American control, as is the case in Iraq.”
He pointed out that "the Silk Road can create multiple commercial interests in Iraq, as well as in the field of transportation, transit and shipping.
It can enhance opportunities for industry, storage, free trade, and free industrial zones, provided that the political will, a clear vision and policies are available." finished / 25 h
