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- TUESDAY, SEPTEMBER 26, 2023, PM 2:02
- KARAR AL-ASSADI
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Former Prime Minister Adel Abdul Mahdi said today, Tuesday, that more than 10 billion US dollars have been allocated in the tripartite budget to implement the "Iraqi-Chinese Framework Agreement."
This came in his speech during the fourth session of the China-Arab Forum for Reform and Development held in the Chinese city of Shanghai.
Abdul Mahdi said in his speech that China has “comprehensive strategic partnership relations with (14) Arab countries, including Iraq,” indicating that the volume of trade exchange in 2022 between China and the Arab countries is (431.442) billion dollars, an increase of 30% annually.
He confirmed that (17) Arab countries have become members of the Asian Infrastructure Investment Bank, and he noted that.
Abdul Mahdi continued by saying that: The “Belt and Road” project has come a long way with the Arab countries, adding that on September 6, 2023, the Arab foreign ministers confirmed at the Arab League meeting, their support for the “Belt and Road” initiative, and strengthening the mechanism for building the Arab-Chinese Cooperation Forum, to sign (21) Arab countries - including Iraq - participating in the “Belt and Road” initiative, and integrating the initiative with Arab development strategies. Many sensitive projects have been completed - or are under implementation - with most of these countries.
He added, "In Iraq, an amount of (10.510 billion) dollars was approved in the state budget for the years (2023-2025) under the title of the 'Iraqi-Chinese Framework Agreement.'
It is noteworthy that the Belt and Road Initiative was established on the ruins of the Silk Road in the nineteenth century in order to connect China with the world, making it the largest infrastructure project in human history.
The initiative was incorporated into the Constitution of the People's Republic of China in 2017. The Chinese government describes the initiative as "an attempt to enhance regional connectivity and embrace a brighter future." The project's target completion date is 2049, which will coincide with the centenary of the founding of the People's Republic of China.
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