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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Will the volume of trade exchange between Iraq and China increase to about 55 billion dollars?

    Rocky
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    Iraq - Will the volume of trade exchange between Iraq and China increase to about 55 billion dollars? Empty Will the volume of trade exchange between Iraq and China increase to about 55 billion dollars?

    Post by Rocky Wed 15 May 2024, 5:08 am

    Will the volume of trade exchange between Iraq and China increase to about 55 billion dollars?

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    Economy News - Baghdad
    [rtl]Today, Wednesday, the Iraqi-Chinese Business Council expected the volume of trade exchange between Iraq and China to rise to about 55 billion dollars, calling for the necessity of financial regulation of this trade.[/rtl]
    [rtl]Council member Sabah Al-Daraji said in an interview followed by Al-Eqtisad News, “The development of relations between Iraq and China in various sectors is leading to a noticeable increase in the volume of trade exchange to more than last year, which amounted to 53 billion dollars, with the increase in projects and agreements as well as the proximity of... “Working on the path of development,” expecting that “the volume of trade exchange will exceed about 55 billion dollars.”[/rtl]
    [rtl]Al-Daraji added, "The volume of trade between Iraq and China requires finding financial solutions to regulate it," pointing out that "many Iraqi merchants are still in a spiral of routine with Iraqi banks and the requirements of the electronic platform."[/rtl]
    [rtl]The Chinese Deputy Ambassador, Xu Haifeng, had revealed in previous press statements that “China has a great interest in developing trade and economic relations with Iraq because of its economic weight in the world and the Middle East region,” adding that “the volume of trade exchange between the two countries reached in 2023.” It reached 53.37 billion dollars, an annual increase of 43.1 percent, while the volume of China’s imports from Iraq reached 39.38 billion dollars, an annual increase of 47.8 percent,” stressing, “China is the largest buyer of Iraqi oil.”[/rtl]




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