Baghdad – news
The expert and professor of international economics at Baghdad University, Mezher Obaid, said today, Sunday, that it is difficult to implement the agreement with China amid political corruption in Iraq, stressing the need for approval from Washington to implement it on the ground.
Obaid said, in an interview with “Al-Akhbaria”: It is difficult to implement these agreements smoothly inside Iraq amid political corruption and strong dominant rampant influence of influential people in the joints of the state, with a deadly and chronic routine that does not allow the flow of work and its transparency, “noting that the internal economic, social and political environment does not allow Passing those agreements or allowing the presence of international companies inside Iraqi cities. ”
He added: “The implementation of economic agreements only passes through the American portal. Without their approval, this matter will never happen, and the politicians of Iraq or the economic legislator should be aware of this issue and not cross it.” He asked: “Can Abdul Mahdi secure the safety of Chinese or other companies inside cities?” ? ”
The economist stressed: “The political and economic issue in Iraq is subject to the hands of the United States, and the latter needs firm guarantees to work with it alone only, and it is concerned about the division of the state between Tehran and Washington.”
It is noteworthy that China confirmed through its ambassador to Baghdad its full readiness and readiness to implement the agreement with Iraq, as this came after the call of the first deputy speaker of the Iraqi Parliament, Hassan Al-Kaabi, to expedite the implementation of the agreement between Iraq and China because of its many positives reflected on the economic reality.
And the head of the caretaker government, Adel Abdul-Mahdi, in an official letter published by “Al-Akhbaria” earlier, called on the ministries to send all proposed and necessary projects that must be included in the plan to implement the agreement in the coming period.
It is noteworthy that the head of the Parliamentary Economy and Investment Committee, Ahmed Salim Al-Kinani, said in a press statement that he followed “Al-Akhbariya”: “The Iraq agreement with China entered into implementation, which is a tremendous agreement unparalleled over time in the economic and political history of Iraq that did not get such a thing.” The (oil-for-construction) agreement, and everyone knows the role of China in the global economy and has the largest presence in all economic sectors, and is considered the second largest global economy with a total output estimated at 8.8 trillion dollars according to the purchasing power scale and is the fastest growing large economy in 30 years ago.
He added, “This agreement included many provisions in addressing all sectors, especially infrastructure and service in projects of large water drainage networks, roads and bridges, as well as in the field of health in establishing large and modern hospitals and educational hospitals and in the field of education by establishing schools, universities and educational institutes in the field of communications and technology for the judiciary On corruption and bureaucracy, and in the field of developing agriculture and activating the industrial sector, this giant agreement included all strategic projects, including the implementation of the Grand Faw port and other projects presented by the Government of Iraq as part of a feasibility study that serves Public good. ”
According to local economic statistics, China is the largest importer of Iraqi oil, at about 800,000 barrels per day, and the volume of trade exchange between the two countries amounts to thirty billion dollars annually, so reaching the oil-for-construction formula will not be difficult, especially if it is certified Expectations to increase Iraqi oil production during the current year.