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[size=36]Abdul Mahdi's advisor talks about the details of the agreement with China: it will depend on local products[/size]
Economy | 09:28 - 01/15/2020
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Baghdad - Mawazine News
, the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed on Wednesday that the trade agreement concluded between Iraq and China will focus on implementing infrastructure projects.
Saleh said, "The agreement includes exchanging oil revenues for implementing projects in Iraq, pointing out that the Iraqi government has opened a credit account in one of the sober Chinese banks to deposit oil revenues of 100,000 barrels per day within the Chinese agreement."
He explained that "this account is spent for companies that implement projects," noting that "the agreement will focus on infrastructure projects such as schools, hospitals, roads, electricity and sanitation, to be determined through the Ministry of Planning and in coordination with the Council of Ministers."
He added that "the agreement will provide many job opportunities for the unemployed and give an opportunity to Iraqi private sector companies, as well as relying on Iraqi products to implement projects such as cement, bricks, sand and others, indicating that this will create significant economic development in the country.
He pointed out," The age of the agreement reaches 20 years, stressing that this agreement will revive the infrastructure of Iraq that has been destroyed for four decades. ”Ended 29 / A 43
, the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed on Wednesday that the trade agreement concluded between Iraq and China will focus on implementing infrastructure projects.
Saleh said, "The agreement includes exchanging oil revenues for implementing projects in Iraq, pointing out that the Iraqi government has opened a credit account in one of the sober Chinese banks to deposit oil revenues of 100,000 barrels per day within the Chinese agreement."
He explained that "this account is spent for companies that implement projects," noting that "the agreement will focus on infrastructure projects such as schools, hospitals, roads, electricity and sanitation, to be determined through the Ministry of Planning and in coordination with the Council of Ministers."
He added that "the agreement will provide many job opportunities for the unemployed and give an opportunity to Iraqi private sector companies, as well as relying on Iraqi products to implement projects such as cement, bricks, sand and others, indicating that this will create significant economic development in the country.
He pointed out," The age of the agreement reaches 20 years, stressing that this agreement will revive the infrastructure of Iraq that has been destroyed for four decades. ”Ended 29 / A 43
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